Insurable Interest

2 Posts
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1 Types

October 15, 2023 4 min read Definitions

Understanding the Loss Payable Clause in Property Insurance

Insurance Finance Real Estate Property Insurance Loss Payable Clause Insurable Interest Mortgage Protection Insurance Terms

Learn about the Loss Payable Clause in Property Insurance. Discover how this crucial clause authorizes payments to parties with an insurable interest, safeguarding lenders in mortgage situations.

October 5, 2023 5 min read Definitions

Understanding Insurable Interest in General Insurance Terms

Finance Insurance Risk Management Insurance Insurable Interest Risk Management Financial Harm Insurance Policies Basics of Insurance

Insurable interest is a crucial concept in general insurance, referring to the financial stake an individual or company has in an insured item that would result in monetary loss if the item were damaged or lost.