The right to insure goods against any risk exposure such as damage or destruction is known as a bondable interest.

Question

Quizplus · Accepted Answer

The right to insure goods against any risk exposure such as damage or destruction is known as an insurable interest, not a bondable interest. Insurable interest is a requirement in insurance policies that ensures the policyholder has a direct relationship to and is potentially financially impacted by the risk being insured against.

The Right to Insure Goods Against Any Risk Exposure Such