Quote:
Originally Posted by Jenson71
There has to be an "insurable interest" in order for the contract to be valid. That same interest exists for life insurance situations as well as tangible property. I don't have an insurable interest in my neighbor's life nor his car and therefore would not be able to get a policy over either (or, if the company issues it based on my lies, can void the payout later when I try to enforce it).
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Imagine drafting this up during a nail biter Chiefs game.