The plaintiff, a business that operated as a hotel, purchased insurance from the defendant intending to cover loss or damage to both its hotel and an adjoining restaurant property. The restaurant ...

People generally purchase insurance on themselves to help protect their loved ones or other beneficiaries with a death benefit.However, you can also take out a policy on others if you'd experience ...

Because insurance is designed to protect you against the potential for loss, you must have a stake in losing a person. Therefore, insurable interest is the risk of losing whomever you are seeking to ...

The Florida Supreme Court recently held that life insurance policies procured by investors through a STOLI scheme did not violate Florida’s insurable interest statute and could not be challenged after ...

It is necessary to have some idea of what can and cannot be insured and we need to note the characteristics or nature of insurable risks. There is one caveat, which should be made at this point: it is ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Investopedia / Theresa Chiechi Total ...

An insurance concept that often gets misunderstood, despite underpinning every insurance policy, is insurable interest. While it might sound technical, Willem Coetzee, CEO of Zenith, says the ...

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Life insurance isn’t just for protecting your own financial future; you can also purchase policies for others, provided you have insurable interest and their consent. Insurable interest is a key ...