In marine insurance insurable interest is enough at the time of __________.

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RRB Paper · Accepted Answer

In marine insurance insurable interest is enough at the time of Insurance. In marine insurance, insurable interest is required at the time of the insurance policy issuance and throughout the duration of the policy, not just at the time of loss. This is because the policyholder must have a financial interest in the cargo or vessel being insured and must stand to suffer a financial loss in the event of damage or loss to that property. Insurable interest must exist at the time the insurance policy is issued and throughout the policy term for the policyholder to be eligible for coverage in the event of a claim.

In marine insurance insurable interest is enough at the time of __________.

Maturity

Insurance

Loss

Claim

The correct answer is `No. 2: Insurance`

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In marine insurance insurable interest is enough at the time of __________.

Maturity

Insurance

Loss

Claim

The correct answer is No. 2: Insurance

The correct answer is `No. 2: Insurance`