Insurance, Insurable interest
Closely associated with the above legal principles is that of insurable interest. This requires that the insured be exposed to a personal loss if the peril insured against should occur. Otherwise it would be possible for a person to take out a fire insurance policy on the property of others and collect if the property burned. Any financial interest in property, or
posted by OpenFly @ 10:20 PM
0 Comments:
Post a Comment
<< Home