What is an “Insurable Interest” in Property?

Thursday, 27 May 2021

Insurable Interest

In general terms, a person or corporation has an insurable interest in property if they stand to suffer financial loss after an occurrence (fire, wind storm, hail, etc. – things covered under a property insurance policy).

This “insurable interest” needs to exist at the time of the loss and can create some interesting scenarios when a claim is filed.

If you are concerned about your financial security on property you own or have interest in, call us at Clevenger Insurance at574-267-2181. We will provide advice and policy protection to allow you to “sleep at night” – even when the worst of summer storms are being forecasted!

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