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Insurable interest is a state where a certain person experiences a loss (physical, financial) over the damage of a property or a disability or a loss of a person.  As a policy rule, anybody with an insurance interest in the property should be listed on the policy. A basic requirement for all types of insurance is the person who buys a policy must have an insurable interest in the subject of the insurance. You have an insurable interest in any property you own or which is in your possession.

This entry was posted on Tuesday, August 25th, 2009 at 7:37 pm and is filed under General Information. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.