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Coverage against financial loss, such as from illness or injury, procured by contract from a company or agency that provides such protection.
[Fr., fr. enseurer, to make certain, fr. L. securus, safe, free from care]


Vox populi A contractual relationship when one party–an insurance company or underwriter, in consideration of a fixed sum–a premium, agrees to pay on behalf another–an insured, or policyholder for covered losses, up to the limits purchased, caused by designated contingencies listed in the policy. See Adoption insurance, Cancer insurance, Catastrophic health insurance, Co-insurance, Comprehensive major medical insurance, Disability insurance, Group insurance, Hospitalization insurance, Indemnity insurance, Major medical insurance, Medical expense insurance, Medicare supplement insurance, National health insurance, Nationalized health insurance, Noncancellable insurance, Personal insurance, Reinsurance, Self-insurance, Workers compensation insurance.


A contractual arrangement whereby one party agrees to indemnify the other against financial or other specified loss during a stated period in the future.


Coverage against financial loss procured by contract from a company that provides such protection.


animals may be insured for loss of production, or for loss of life. Before insured animals are euthanatized or submitted to surgery or a course of medical treatment it is important that the insurer be consulted to ensure that the contract is not breached and that his or her equity in the asset is not put at unnecessary risk.

Patient discussion about insurance

Q. what is public health insurance

A. Public health insurance programs in the U.S. provide the primary source of health expenses coverage for most seniors and for low-income children and families who meet certain eligibility requirements. The primary public programs are Medicare, a federal social insurance program for seniors and certain disabled individuals and Medicaid, funded jointly by the federal government and states but administered at the state level, which covers certain very low income children and their families. In 2006, there were 47 million people in the United States (16% of the population) who were without health insurance for at least part of that year.

Q. I need help getting health insurance is it expensive?

A. I am currently looking for insurance too. Do have you applied for public health insurance?


A. Yes, it'll you cost you money, and not a negligible sum, but that's not necessarily means it'll be expensive - the alternative may eventually be much more expensive. We can never know what will happen tomorrow- if something will happen to you or your family (e.g. car accident, cancer or even relatively simple thing as appendicitis), the cost of the unavoidable medical treatment in this case will be much higher than the insurance premium.

Here ( you can find an official governmental guide to choosing health insurance.

More discussions about insurance
References in periodicals archive ?
Instead, an insurable interest can arise from any kind of benefit from the thing so insured or any kind of loss that would be suffered by its damage or destruction.
The Insurance Law of 2002 required an applicant to have an insurable interest in the insured subject matter as the prerequisite for an effective insurance contract.
Insurable interest is "any lawful and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction, or pecuniary damage.
To the extent that the CDS markets derive their justification as a type of insurance, then insurance regulation could be seen as the appropriate fix, permitting only those market participants with an insurable interest and those counterparties subject to regulation as an insurance provider.
The insurable interest requirement was well addressed in the context of mortgagee claims in the case of Citizens S.
Clearly, structuring coverage that effectively protects all parties with an insurable interest requires a thorough understanding of each situation.
REINSURANCE: Insurable interest is vested in the reinsured party.
Law [section] 3205(b)(1) expressly allows an individual to procure and immediately transfer or assign to another a policy on his own life, irrespective of the existence of an insurable interest in the assignee [a position upheld by Hota v.
This insurable interest requirement dates back to nineteenth-century
The committee was also ordered to propose necessary and appropriate 'legislative measure or executive issuances' regarding insuring key government properties, assets, facilities and other insurable interests.
Remember: To achieve success in our business you must find prospects with money they can invest or find prospects with insurable interests who can afford to protect those interests.
The site broke down so that about 90% of insurable interests was in the office and 10% was in the retail, so we essentially just stood in their shoes.