{"id":2213,"date":"2025-06-25T10:11:44","date_gmt":"2025-06-25T10:11:44","guid":{"rendered":"https:\/\/lawebdeseguros.com\/?p=2213"},"modified":"2025-10-18T10:21:21","modified_gmt":"2025-10-18T08:21:21","slug":"insured-interest","status":"publish","type":"post","link":"https:\/\/lawebdeseguros.com\/en\/insured-interest\/","title":{"rendered":"What is the insured interest?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Contents\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #0a225d;color:#0a225d\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #0a225d;color:#0a225d\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/lawebdeseguros.com\/en\/insured-interest\/#%C2%BFQue_es_el_interes_asegurado\" >What is secured interest?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/lawebdeseguros.com\/en\/insured-interest\/#Condiciones_para_que_el_interes_sea_asegurable\" >Conditions for the interest to be insurable<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/lawebdeseguros.com\/en\/insured-interest\/#Lo_que_dice_la_Ley_de_Contrato_de_Seguro\" >What the Insurance Contract Law says<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/lawebdeseguros.com\/en\/insured-interest\/#Referencia_al_Codigo_Civil\" >Reference to the Civil Code<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"%C2%BFQue_es_el_interes_asegurado\"><\/span>What is secured interest?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The insured interest is understood as the relationship that exists between the insured and the property exposed to the risk. If a loss occurs, this relationship may generate an economic loss or damage for the insured.<\/p>\n<p>This loss can occur directly, when the consequences of the loss affect the insured's own assets (for example, if he is the owner of the property). Or it can occur indirectly, if the insured has an interest in or responsibility for what is damaged or destroyed, such as when he is responsible for its conservation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Condiciones_para_que_el_interes_sea_asegurable\"><\/span>Conditions for the interest to be insurable<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Although, in principle, any interest could be insurable, in order to be legally insurable it must fulfil two conditions: it must be a legitimate interest and not contrary to law, and it must be economically quantifiable.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Lo_que_dice_la_Ley_de_Contrato_de_Seguro\"><\/span>What the Insurance Contract Law says<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The <a href=\"https:\/\/www.boe.es\/buscar\/doc.php?id=BOE-A-1980-22501\" target=\"_blank\" rel=\"noopener\">Article 25 of the Insurance Contract Act<\/a> establishes that insurance against damage is null and void if, at the time of its contracting, there is no interest of the insured in the compensation of the damage. Textually it states: <em>\"Without prejudice to the provisions of the fourth article, a contract of insurance against damage is null and void if at the time of its conclusion there is no interest of the insured in the compensation of the damage\".<\/em>.<\/p>\n<p>We can affirm that, if there is no insured interest, there would also be no possible effective damage to compensate. Therefore, the insurer would have no obligation to repair or compensate any damage.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Referencia_al_Codigo_Civil\"><\/span>Reference to the Civil Code<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>This principle leads us to the <a href=\"http:\/\/www.boe.es\/buscar\/act.php?id=BOE-A-1889-4763\" target=\"_blank\" rel=\"noopener\">Article 1261 of the Civil Code<\/a>which establishes the essential requirements for the validity of a contract. One of these requirements is precisely the object or interest insured. The article states: <em>\"A contract does not exist unless the following requirements are met: 1st Consent of the contracting parties. 2.\u00ba Certain object that is the subject of the contract. 3.\u00ba Cause of the obligation that is established\".<\/em>.<\/p>","protected":false},"excerpt":{"rendered":"<p>The insured interest is the valid economic relationship between the insured and the property exposed to the risk. It must be legitimate and estimable in money according to the Insurance Contract Law.<\/p>","protected":false},"author":2,"featured_media":2242,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_joinchat":[],"footnotes":""},"categories":[20],"tags":[],"class_list":["post-2213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-terminos-frecuentes","category-20","description-off"],"_links":{"self":[{"href":"https:\/\/lawebdeseguros.com\/en\/wp-json\/wp\/v2\/posts\/2213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lawebdeseguros.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lawebdeseguros.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lawebdeseguros.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/lawebdeseguros.com\/en\/wp-json\/wp\/v2\/comments?post=2213"}],"version-history":[{"count":0,"href":"https:\/\/lawebdeseguros.com\/en\/wp-json\/wp\/v2\/posts\/2213\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lawebdeseguros.com\/en\/wp-json\/wp\/v2\/media\/2242"}],"wp:attachment":[{"href":"https:\/\/lawebdeseguros.com\/en\/wp-json\/wp\/v2\/media?parent=2213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lawebdeseguros.com\/en\/wp-json\/wp\/v2\/categories?post=2213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lawebdeseguros.com\/en\/wp-json\/wp\/v2\/tags?post=2213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}