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insurable interest

/ɪnˌʃʊərəbəl ˌɪntərəst/
IPA guide

Definitions of insurable interest
  1. noun
    an interest in a person or thing that will support the issuance of an insurance policy; an interest in the survival of the insured or in the preservation of the thing that is insured
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    type of:
    interest, stake
    (law) a right or legal share of something; a financial involvement with something
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