Health Insurance In Thailand: A 2024 Guide For Foreigners
Insurable interest should exist whether or not property insurance or insurance on a person is involved. The concept requires that the insured have a “stake” within the loss or damage to the life or property insured. What that “stake” is might be determined by the type of insurance involved and the character of the property possession or relationship between the individuals. The requirement of an insurable curiosity is what distinguishes insurance from gambling. Indemnity – the insurance firm indemnifies or compensates the insured in the case of certain losses only as much as the insured’s interest.
Use our information to …
Continue Reading