An_______ is an interest either in a person's life or well-being or in property that is sufficiently substantial to justify insuring against injury to or death of the person or damage to the property.

Question

Quizplus · Accepted Answer

An insurable interest is a requirement for initiating an insurance policy. It means the policyholder must have a stake in the safety and well-being of the person or property insured, such that they would suffer a financial or personal loss if harm came to the insured entity.

An_______ Is an Interest Either in a Person's Life or Well-Being