insurable interest Archives - Insurance Samadhan

Principle of Insurable Interest

Posted on October 20, 2022 by Shailesh Kumar

The principle of insurable interest is one of the essential elements of insurance. It can be defined as the substantial emotional, financial, or pecuniary interest in the subject matter of the insurance contract. It means the party stands to gain… Continue Reading →

What is Covered in Your Fire Insurance Policy?

Posted on August 23, 2022 by Shailesh Kumar

We cannot prevent an unexpected fire, but we can buy a fire insurance policy to protect ourselves from financial loss caused by such a fire. The Great Fire of London or 1666 Fire of London resulted in the emergence of… Continue Reading →