Word:

insurable interest

Noun1.insurable interest - an 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

INSURABLE INTEREST. That right of property which may be the subject of an insurance.
     2. The policy of commerce, and the various complicated rights which different persons may have in the same thing, require that not only those who have an absolute property in ships or goods, but those also who, have a qualified property in them, may be at liberty to insure them. For example, when a ship is mortgaged, and the mortgage has become absolute, the owner of the legal estate has an insurable interest, and the mortgagor, on account of his equity, has also an insurable interest. 1 Burr. 489. See 20 Pick. 259; 1 Pet. 163.

interest, stake
Browse
insulted
Insulter
Insulting
insultingly
Insultment
Insume
Insuper
Insuperability
Insuperable
insuperably
Insupportable
Insupposable
Insuppressible
Insuppressive
insurability
Insurable
-- insurable interest --
Insurance
Insurance against fire
insurance agent
insurance broker
insurance claim
insurance company
insurance coverage
insurance firm
Insurance on lives
insurance policy
insurance premium
insurance underwriter
Insurancer
Insurant
Insure
insured
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