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What is the meaning of insurable interest Class 11?

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What is the meaning of insurable interest Class 11?

My question comes from Insurance subject

This question was posed to me in an internship interview.

Other related questions to my question are:-

What do you mean by insurable interest Class 11?

What is insurable interest explain with example?

What is insurable interest in short term insurance?

What is insurable interest Wikipedia?

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Correct answer for this question is: Insurable interest is a type of investment that protects anything subject to a financial loss. A person or entity has an insurable interest in an item, event or action when the damage or loss of the object would cause a financial loss or other hardships.

The title of my answer is Insurable Interest Definition

The reference of my answer is Investopedia

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