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insurable interest

British  

noun

  1. law a financial or other interest in the life or property covered by an insurance contract, without which the contract cannot be enforced

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

You own your life — you are the insurable interest — so that requirement has already been met.

From MarketWatch • May 6, 2026

Cardiff City claim says Miller Insurance failed to properly explain the concept of an "insurable interest" for football player transfers and the requirement of a "prompt" notification of the transfer in order to secure coverage.

From BBC • Jan. 19, 2023

Staebler: As a homeowner, you do not have an insurable interest in the contractor’s business so you cannot get insurance coverage for their business.

From Washington Post • Oct. 13, 2021

Two insurers including AXA ART, a unit of AXA, have an insurable interest in the art works within the cathedral, Honore said, adding five adjusters had been commissioned.

From Reuters • Apr. 17, 2019

Either this, or a legal claim, are absolutely necessary to establish an insurable interest in a ship or cargo.

From The Sailor's Word-Book An Alphabetical Digest of Nautical Terms, including Some More Especially Military and Scientific, but Useful to Seamen; as well as Archaisms of Early Voyagers, etc. by Belcher, Edward, Sir

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