Insurable Interest


Definition of "Insurable interest"

Nancye Hancock & Richard Volz
Nancye Hancock & Richard Volz RE/MAX Real Estate Center - Oldham County

A relationship with a person, thing, or item that is the foundation of an insurance policy. One having an insurable interest has a financial stake in preserving the insured person or property. An example is a wife having an insurable interest in her husband's real property.

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