Insurable interest means that the policyholder is the one at risk to suffer a loss.

Name: Insurable interest means that the policyholder is the one at risk to suffer a loss.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Insurable interest refers to the policyholder's financial stake in the asset or person being insured. The policyholder must stand to suffer a loss if something happens to the insured asset/person. Therefore, insurable interest implies that the policyholder is the one at risk to suffer a loss.

Insurable Interest Means That the Policyholder Is the One at Risk