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Insurable interest |
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Insurable interestA term which means that any person entering into an insurance contract must stand to lose financially following the loss or damage of an insured item, or an insured event. For example a person may insure his/her property and contents since a financial loss would be incurred if damage were to be sustained.Similar MatchesInsurable titleInsurable titleTitle to property that a company agrees to insure against defects and disputes. |
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