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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

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See Examples For:

The agent said he could not add my brother because he does not depend on my income, so has no insurable interest.

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

A partner who has advanced the capital of the business has an insurable interest in the life of his partner.

From Putnam's Handy Law Book for the Layman by Bolles, Albert Sidney

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