HyperDic: insurable_interest

English > 1 sense of the expression insurable interest:
NOUNpossessioninsurable interestan interest in a person or thing that will support the issuance of an insurance policy
English > insurable interest: 1 sense > noun 1, possession
MeaningAn interest in a person or thing that will support the issuance of an insurance policy; an interest in the survival of the insured or in the preservation of the thing that is insured.
Broaderinterest, stake(law) a right or legal share of something

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