What Is an Insurable Interest?
When the goods are in danger, the claimant must have insurable rights in the goods, that is, there is an interest relationship between the loss of the goods and the claimant.
Insurable interest
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- Chinese name
- Insurable interest
- Foreign name
- Insurable interest
- Definition
- Interests between cargo loss and claimant
- Classification
- legal
- When the goods are in danger, the claimant must have insurable rights in the goods, that is, there is an interest relationship between the loss of the goods and the claimant.
- Insurable interest
- At the time of policy recovery, the policyholder must have an approved relationship with the person or object in the relevant accident in the policy, for example, the policyholder obtains benefits from the safekeeping of the property, or the benefits may be damaged due to property loss. In the insurance of property or finance, the insured person will obtain insurable benefits from choosing insurance or purchasing insurance because of obligations.