An insurance principle that prevents a person from insuring what he does not stand to lose financially if the insured risk occurs is
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Correct Answer: Option B
Explanation:
Insurable interest; A principle that states that an insured may not collect more than its own financial interest in property that is damaged or destroyed.
Insurable interest; A principle that states that an insured may not collect more than its own financial interest in property that is damaged or destroyed.