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Clover Insurance Brokers

3800 Steeles Ave West, Suite 201E,
Woodbridge, Ontario L4L 4G9

A Division of Wood & Kirkpatrick LTD,
Canada's Oldest Broker Since 1821

905-851-7774
905-851-7838
1-844-340-1578

Phone |

Fax|

Toll-Free|

Quote #8589

Hours

Mon-Fri 9-5 EST

Toronto Line|

Travel|

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*** EFFECTIVE OCTOBER 10th, 2024 ***
We are unable to process requests for quotes from the website.
Please CALL our office to speak to a Licensed Insurance Broker.
1-844-340-1578
Quote Requests done online will NOT be responded to.

Insurable Interest

"To make insurance policies legal and valid, the insured must possess such an interest in the subject of the insurance as may be sufficient to involve him in a monetary loss, should the subject be damaged or destroyed." In other words, if he has a direct monetary interest in the property to be insured, he has insurable interest. This interest may be of various character; it may be that of an owner, of a lessee, of a guardian, a bailee, an executor, administrator, bailiff or sheriff, a creditor. As long as there is a real monetary interest, there is an insurable interest.