Insurable Interest and its importance in Insurance Contract


Everyday newspaper, television and other means of communication brings reports of death of number of peoples, naturally or by accident or otherwise. One does not shed a tear at this unless ones near relative or breadwinner or benefactor or friend are among the dead, because one has no interest in their continued existence or death. In other words he has no risk of loss in the death of the person or any motive to support that person’s life. Read more