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What is the definition of insurable interest?

Julian Cooper | 2023-06-11 10:37:57 | page views：1260
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Ava Brown

Works at Cloud9 Technologies, Lives in San Diego, CA.
An insurable interest is a stake in the value of an entity or event for which an insurance policy is purchased to mitigate the risk of loss. ... Entities or events not subject to financial loss do not have an insurable interest and an insurance policy cannot be purchased to cover them in the event of loss.
2023-06-19 10:37:57
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Lucas Harris

QuesHub.com delivers expert answers and knowledge to you.
An insurable interest is a stake in the value of an entity or event for which an insurance policy is purchased to mitigate the risk of loss. ... Entities or events not subject to financial loss do not have an insurable interest and an insurance policy cannot be purchased to cover them in the event of loss.
Insurable Interest | Investopedia
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