Factual Expectation


Definition of "Factual expectation"

Paul J.  Minihane Broker/Owner real estate agent
Paul J.  Minihane Broker/Owner, Real Estate Agent Minihane Realty Group

Strong expectation of an occurrence resulting in a monetary interest that gives rise to an insurable interest. For example, a daughter has a strong expectation of wearing her mother's wedding gown and thus has an insurable interest in the gown even though the gown is still the property of her mother.

 

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