What is another word for insurable interest?
Pronunciation: [ɪnʃˈʊ͡əɹəbə͡l ˈɪntɹəst] (IPA) 
Insurable interest refers to a financial or legal stake in an event or object that would result in a financial loss if it were destroyed or damaged. There are a number of synonyms for insurable interest that can be used in different contexts. Some common ones include the value of an asset, the potential loss of income or business interruption, the risk of liability, the potential for injury or loss of life, and the value of a relationship or partnership. Whatever the synonym used, it's important to have a clear understanding of the concept of insurable interest when purchasing insurance to ensure that you are adequately protected from financial loss.
