Tag Archives: insurable interest

Insurable interest in a property policy must be proven. It’s not just about owning the place, it’s about showing you’ve got a stake in its safety. Think of it like this: you wouldn’t insure a property you don’t care about, right? This crucial aspect of property insurance ensures the policyholder has a real reason to want the property protected. From …

What is insurable interest in car insurance? It’s not just about who owns the car, but who’s financially or legally tied to it. Imagine this: you’re cruising down the highway, enjoying the open road, when BAM! Suddenly, your car is totaled. But can you actually collect on your insurance? It all hinges on this crucial concept of insurable interest. This …