After enquiring about the reason, I learned that it was due to a concept called "insurable interest." Please elaborate on this. Also, is there any way I can buy a guaranteed savings plan for my ...

Learn when homeowners insurance is required, whether a home equity loan requires insurance, and why foregoing it is a ...

If your goal is saving money on an auto insurance policy, shopping for quotes online can also help you uncover discounts and added savings you may qualify for. For example, you may be able to reduce ...

The relationship passes the “insurable interest” test, which means you can demonstrate that the insured’s death would have an adverse financial impact on you. For example, one spouse can ...

Why Jeweler’s Mutual Insurance Company lost its appeal of a $45,000 punitive damages award at the Ontario Court of Appeal.

Understanding your insurance contract can go a long way toward making sure that your advisor's recommendations are on track. Learn how to read your contract today.

You need to show that you have insurable interest and consent. An insurable interest in someone's life means you'll face ...

To do so, you have to prove what’s called insurable interest. If you have a financial stake in the vehicle and will suffer a loss if the car is damaged, you have insurable interest. Think of it ...

If the beneficiary isn’t a relative, they must have an “insurable interest” in your life. This means they may suffer financial hardship if something happens to you. For example, this might ...

An additional problem caused by naming another owner on the real estate deed is that the homeowners or other property insurance can become ineffective due to insurable interest issues. Insurance ...