Is expectation enough to create an insurable interest?
Saskatchewan, Canada
The following excerpt is from General Accident Assurance Co. of Canada v. Walton, 2000 SKCA 125 (CanLII):
Expectation is not enough to create an insurable interest. That point was made clear in Lucena v. Craufurd where the court stated that “[e]xpectation, though founded upon the highest probability, was not interest, and it was equally not interest, whatever might have been the chances in favour of the expectation”.[26]
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