An insurance principle that prevents a person from insuring what he does not stand to lose financially if the insured risk occurs is
-
A.
indemnity -
B.
insurable interest -
C.
proximate cause -
D.
subrogation
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.