Wednesday, April 14, 2010

A case of Insurable Interest

http://www.deneysreitz.co.za/index.php/news/insurable_interest/

Brightside Enterprises (Pvt) Ltd v Zimnat Insurance Co Ltd 2003 (1) SA 318 (ZHC)

The judge in this case difenes insurable interest as not only arising from owenership of something in whole or part, but also from a relation to the thing. so in the case of Brightside Enterprises (Pvt) Ltd the judge concluded that since the employee of the petrol station was driving the vehicle to be repaired and obliged to do so he had an insurable interest in the vehicle.

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