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Insurable interest

(law) a financial or other interest in the life or property covered by an insurance contract, without which the contract cannot be enforced


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  • Insurance

    [in-shoo r-uh ns, -shur-] /ɪnˈʃʊər əns, -ˈʃɜr-/ noun 1. the act, system, or business of property, life, one’s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved. 2. coverage by contract in which one party agrees […]

  • Insurance carrier

    noun an insurance company; an insurer

  • Insurant

    [in-shoo r-uh nt, -shur-] /ɪnˈʃʊər ənt, -ˈʃɜr-/ noun 1. a person who takes out an insurance policy.

  • Insure

    [in-shoo r, -shur] /ɪnˈʃʊər, -ˈʃɜr/ verb (used with object), insured, insuring. 1. to guarantee against loss or harm. 2. to secure indemnity to or on, in case of loss, damage, or death. 3. to issue or procure an policy on or for. 4. (defs 1–3). verb (used without object), insured, insuring. 5. to issue or […]

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