Fire Insurance Law: An Authoritative Analysis of the Standard Fire Insurance Policy, of the Standard Forms and Clauses Used in Connection Theerewith (Classic Reprint)

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Fb&c Limited, Oct 11, 2017 - Law - 244 pages
Excerpt from Fire Insurance Law: An Authoritative Analysis of the Standard Fire Insurance Policy, of the Standard Forms and Clauses Used in Connection Theerewith

Insurable Interest. It is essential to the contract that there shall be an insurable interest. In the early days insurable interest perhaps was not absolutely requisite, although it appears to have been more so in fire insurance than either in marine insurance or in life insurance. In 1746, a statute was placed on the books in Great Britain making insurable interest necessary in marine policies.

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