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2 years ago

Explain insurable interest and give an example

Mathematics

1 answer:

MArishka [77]2 years ago

8 0

The examples of insurable interest is an employer under certain arrangements.

Insurable interest is a 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 hardshapes. In order to have an insurable interest a person or entity would take out an insurance policy protecting the person,item, or event in question. The insurance policy is able to mitigate the risk of loss if something happens to the asset-like becoming damaged or lost.

Examples of insurable interest are:

Yourself
Your spouse or former spouse
Your children or grandchildren
A special needs adult child
An aging parent
An employer (under arrangements)

Hence the examples of insurable interest is an employer under certain arrangements.

Learn more about insurable interest at brainly.com/question/13958989

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