Insurance

Additional insureds

As we delve into the world of finance, it is crucial to understand the concept of insurable interest. This refers to individuals who have a stake in the property or person covered by an insurance policy. These individuals are protected against the specific losses outlined in the policy. However, it is important to note that they typically receive less coverage than the primary named insured. Let's explore this further to gain a better understanding.

Related terms

Spread-of-loss treaty

Understand the meaning and definition of Spread-of-loss treaty in the context of stock market, trading, and investments.

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Primary Beneficiary

Understand the meaning and definition of Primary Beneficiary in the context of stock market, trading, and investments.

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Law of large numbers

Understand the meaning and definition of Law of large numbers in the context of stock market, trading, and investments.

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Target Pension

Understand the meaning and definition of Target Pension in the context of stock market, trading, and investments.

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Facultative reinsurance

Understand the meaning and definition of Facultative reinsurance in the context of stock market, trading, and investments.

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Probate Costs

Understand the meaning and definition of Probate Costs in the context of stock market, trading, and investments.

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