Sentences with insurable interest
in·sur·a·ble in·ter·est
I i - In property insurance, the beneficiary is required to have an insurable interest in the property insured.You may not take out insurance on an object or a life in which you have no insurable interest.If a person has an insurable interest in the life or property covered by an insurance contract, they would suffer financial loss if the thing insured were damaged or destroyed.