TN Business Insurance Term: "Insurable Interest"

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TN Business Insurance Can Be Confusing With Different Types Of Insurance And Many Insurance Terms. Brief Definitions Of Some Common TN Insurance Terms.

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TN Business Insurance Term:

"Insurable Interest"

Definition:

In business insurance, an insurable interest in a business property exists when a person or entity would suffer loss due to the damage or destruction of the property. An insurable interest is required to purchase insurance on property.

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