What Does Single Interest Insurance Mean?

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What does Single Interest Insurance mean? Read on to discover the definition & meaning of the term Single Interest Insurance - to help you better understand the language used in insurance policies.

Single Interest Insurance

Single Interest Insurance

Property insurance protecting the interest of only one of the parties having an insurable interest in the property. Usually refers to insurance protecting a mortgagee or other lending institution but not the owner-borrower.

We hope the you have a better understanding of the meaning of Single Interest Insurance.

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