Any financial interest a person has in the property or person insured. In life insurance, a person´s or party´s interest - financial or emotional - in the continuing life of the insured.

Interest in property such that loss or destruction of the property could cause a financial loss.

An interest by the insured person in the value of the subject of insurance, including any legal or financial relationship. Insurable interest usually results from property rights, contract rights, a [..]

Insurable interest is the amount of property qualifying for insurance.

A factor, financial or otherwise, that gives a person grounds to file a claim in relation to a loss covered by an insurance policy.

The interest an insurance policyholder has in the risk that is insured. The owner of a Life Insurance policy has an insurable interest in the life of the insured when the policyholder is likely to benefit if the insured continues to live, and is likely to suffer some loss or detriment in the event of the insured’s death.

Definition The beneficiary who would suffer loss if the event insured against occurs; without an insurable interest, an insurance company will not issue a policy.

A person's or party's interest--financial or emotional--in the continuing life of an individual, a person or party must have an insurable interest in the life of a proposed insured in order [..]

see interest

A right or relationship in regard to the subject matter of the insured contract such that the insured can suffer a financial loss from damage, loss or destruction to it. (Bickelhaupt and Magee )

The principle that an insured must suffer an actual loss in order to make a claim under an insurance policy.

A principle of insurance that states that someone may only take out insurance if they stand to suffer a financial loss from an event covered by a policy.

Insurable interest is the interest that a person has on a property which is insured. A person has an "insurable interest" in something when loss or damage to it would cause that person to su [..]

A vested financial interest in the life of another person.

Exists when an individual would suffer an economic loss as the result of damage to property or bodily injury.

The requirement with property insurance that an insured, after loss, in order to receive payment must show some kind of interest in the property, whether ownership, loss of use, a contractual requirement with the owner to insure the property; insuring property with no insurable interest is a gambling contract and contrary to public policy.

In order to take out a policy you must have an insurable interest in the vehicle, meaning you would suffer a loss if it was stolen or damaged.

 Exists when an individual would suffer an economic loss as the result of damage to property or bodily injury.

This applies to ownership of the insured property. To insure a private vehicle, you would have to own it and suffer a financial loss if it was damaged. You can’t for example insure your neighbour’s vehicle. As you don’t own it, there would be no loss to you if it was damaged. A finance company may have an insurable interest in a vehicle if they hel [..]

is the principle that in order to insure something you must have a financial and/or legal interest in it. Motor insurance companies usually require the person seeking to insure a vehicle to be the reg [..]

The interest an insurance policy beneficiary has in the risk that is insured. The beneficiary of a life insurance policy has an insurable interest in the insured when the beneficiary is likely to benefit if the insured continues to live and is likely to suffer some loss or detriment if the insured dies.

Such interest in a ship or voyage that failure of ship to carry out voyage as intended would entail financial loss.

The interest one has in relation to property exposed to peril whereby one may lose financially by the loss of, or damage to, such property or may incur a liability in respect thereof. A person who eff [..]

This is one of the basic principles of insurance and the main difference between insurance and gambling. The insured must stand to lose financially by an event against which he wishes to insure himsel [..]

The likelihood that a policy-owner or beneficiary of an insurance policy will suffer a genuine loss or detriment if the event insured against occurs.

Insurable Interest is one of the basic principles of insurance. It states that the Insured must have a financial interest in the property insured such that he benefits from its continued exist [..]

For persons related by blood, a substantial interest established through love and affection, and for all other persons, a lawful and substantial economic interest in having the life of the insured continue. An insurable interest is required when purchasing life insurance on another person.

For a contract of insurance to be valid the policyholder must have an interest in the insured item that is recognised at law whereby he benefits from its safety, well being or freedom from liability a [..]

For homeowner insurance, this is when a person has a legal financial interest in the property that is the subject of the insurance. For life insurance, the policy owner or beneficiary would suffer a genuine loss if a loss occurred.

Interest in property such that loss or destruction of the property could cause a financial loss.

If an insured wishes to enforce a contract of insurance before the Courts he must have an insurable interest in the subject matter of the insurance, which is to say that he stands to benefit from its preservation and will suffer from its loss. In non-marine insurances, the insured must have insurable interest when the policy is taken out and also a [..]

You are only able to insure property in circumstances where you stand in some legally recognized relation thereto whereby you will benefit by the safety of the property or object or be prejudiced by i [..]

Proof that a person who takes out a life insurance policy on someone else has a substantial and lawful emotional or financial interest in that person’s continued wellbeing. An insurable interest is ma [..]

A monetary interest in life, property or an event legally entitling a person or business to insure it. Unless the insured will suffer financially in the event of a loss, he does not have an insurable [..]

It is illegal for anyone to insure without an insurable interest or, in the case of marine insurance, a reasonable expectation of acquiring such interest. In general one has such interest when his rel [..]

Is a kind of property right the value of which may be calculated and compensated in money in the event of a loss.

The existence of potential financial loss on the part of the policy owner and/or beneficiary(s) in the event of the death of the insured. The policy owner and any beneficiaries must have an insurable interest.

a person, organization or business that would suffer a direct financial loss in the event the property sustained a loss. Examples of parties with an insurable interest would be your mortgage company, a leasing company or a landlord.

For a insurance contract to be valid, the policyholder must have a legal interest in the insured items whereby he benefits from its safe keeping, well being or freedom from liability and would be [..]

A principle of insurance whereby a policy is not valid unless the insured person themselves stands to suffer a financial loss if the insured event occurs or benefit from the non-occurrence of the even [..]

A condition in which the person applying for an insurance policy and the person who is to receive the policy benefit will suffer an emotional or financial loss if the event insured against occurs.

A basic principle of insurance that requires the person purchasing insurance to have an interest in the insured item or life insured in that the loss or damage to the item or life insured would result [..]

The existence of potential financial loss on the part of the policy owner and/or beneficiary(s) in the event of the death of the insured. The policy owner and any beneficiaries must have an insurable [..]

One person has an insurable interest in the life of another if the death of the latter would cause actual financial loss to the other person. The purchaser of a life insurance policy must have an insu [..]

The requirement with property insurance that an insured, after loss, in order to receive payment must show some kind of interest in the property, whether ownership, loss of use, a contractual requirement with the owner to insure the property; insuring property with no insurable interest is a gambling contract and contrary to public policy.

This is measured by the loss, which the Policy Owner would suffer on the unfortunate death of the Life Assured. When a Policy Owner insures his own life, it is presumed that there is an unlimited insurable interest.

In order to make a claim under a general insurance contract the claimant must demonstrate that at the time of loss the claimant suffered a pecuniary or economic loss. ‘Pecuniary’ means money. ‘Economi [..]

Any interest a person has in a possible subject of insurance, such as a car or home, of such a nature that a certain happening might cause that person financial loss. This condition provides that the [..]

An interest in relation to, or liability with respect to, the subject matter of the insurance, which is of such a nature that damage to the subject matter or injury or damage caused by the subject mat [..]

In property insurance an insurable interest is any financial interest based on some legal right in the preservation of the property. An exposure to a financial loss must exist for there to be an insur [..]

People have an insurable interest when they are able to show they would suffer financially from a loss a requirement of insurance contracts.

The principle requiring that no policy will be issued unless the policy owner and beneficiaries would be in a position to suffer a financial loss at the death of the insured. For example, eg: A business relationship (as in one partner on the life of another).

An interest of such a nature that the occurrence of the event insured against would cause financial loss to the insured. Such interests, for example, may be that of an owner, a mortgagee, a lessee or [..]

An insurance term referring to the relationship between a policy's insured person or property and the potential beneficiary. The beneficiary must have an insurable interest in the insured person [..]

Insurable interest exists when an insured person derives a financial or other kind of benefit from the continuous existence, without repairment or damage, of the insured object (or in the case of a pe [..]

Insurable interest exists when an insured person derives a financial or other kind of benefit from the continuous existence, without repairment or damage, of the insured object (or in the case of a pe [..]