Glossary · legal
Insurable Interest
Right to insure; requires economic stake in the property.
You must have insurable interest in the property at loss time to collect. Applies across divorce, foreclosure, and property transfer scenarios.
In practice
Where you encounter "Insurable Interest"
Policyholders see "Insurable Interest" referenced in policy language, claim correspondence, and scope documents. Knowing the precise definition under Florida practice keeps you from accepting carrier framing. See FS 626.854 on public adjuster representation and FS 627.70131 on carrier duties.
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Know these too
Related terms
Continuous Trigger
Coverage theory where multiple policy years share a progressive loss.
Contingent Liability
Conditional coverage based on triggering events.
Concealment
Failure to disclose material information; can void coverage.
Cure Period
Time carrier has to correct a violation after notice.
Efficient Proximate Cause
The dominant cause in a chain of causation.
Examination Under Oath Waiver
Agreement to forgo the carrier's right to EUO.
Know the law
Related statutes
FS 626.854 Public Adjusters
Your representation rights.
FS 627.70131 Carrier Duties
Statutory deadlines.
FS 627.70132 Notice
When you must file.
FS 627.7142 Bill of Rights
Homeowner claim bill.
FS 626.9744 Matching
Reasonable matching requirement.
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- ✓Licensed Florida public adjusters
- ✓We work for policyholders, not insurance companies
- ✓No fee unless we recover more than you were offered
What kind of damage?
Pick the closest match. We will ask for details later.
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Glossary
Related insurance terms
Scheduled Endorsement
Related glossary entry: Scheduled Endorsement.
Moisture Meter
Related glossary entry: Moisture Meter.
Replacement Cost Value (RCV)
Related glossary entry: Replacement Cost Value (RCV).
Mitigation
Related glossary entry: Mitigation.
Builders Risk
Related glossary entry: Builders Risk.
Scope Sheet
Related glossary entry: Scope Sheet.
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Licensed Florida public adjusters. Free claim review. No recovery, no fee.
- ✓Licensed Florida public adjusters
- ✓We work for policyholders, not insurance companies
- ✓No fee unless we recover more than you were offered
What kind of damage?
Pick the closest match. We will ask for details later.
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