What is insurable interest in life insurance?

Answer While many people purchase life insurance policies for themselves in order to leave death benefits to loved ones, it is also possible to purchase a life insurance policy on another person. When loo... Read More »

Top Q&A For: What is insurable interest in life insurance

What Is Insurable Interest in Insurance?

Insurable interest refers to the concept that by insuring something, the owner of the insurance policy is protecting himself from a real financial loss. To show insurable interest, a person must sh... Read More »

What is the application of insurable interest?

In general, insurable interest refers to the concept that the insured must have a "stake" in the property or interest insured in order to insure it. Stated otherwise, it is a characteristic that di... Read More »

Does a renter have insurable interest?

I am renting a trailer and a limb falls on my vehicle while parked on the property who is responsible for the damages

Can a church renting part of its building have insurable interest on the tenant?

Yes you should be. Not all general liability forms automatically add additional insureds so you need to check with your subcontractors policy. There is a web site that I have found where artisan co... Read More »