Ruth Langsford shared a heartwarming tribute to her late father and sister as she marked Father’s Day on Sunday. 

The Loose Women presenter posted a throwback photo of dad, Dennis, with her elder sister Julia on his shoulders.

Ruth’s father died aged 84 back in 2012 from complications from dementia, after 57 years of marriage to his devoted wife, Joan. 

Meanwhile, her sister Julia, who battled depression, sadly died at the age of 62 in 2019.

Paying tribute to her loved ones, she wrote: “Happy Father’s Day to all the wonderful Dads out there….hope you’re having a fantastic day being spoilt by your families. 

I’m remembering both my wonderful Dad Dennis and my sister Julia today….this is them on a day out while my Mum was still in hospital with me just after I’d been born. 

Singapore 1960.”

She added the hashtags: “#fathersday #family #memories #love.”

While Ruth was inundated with positive comments some social media trolls accused the former This Morning presenter of snubbing husband Eamonn Holmes in her Father’s Day tribute.

The former couple announced they were ending their 14 year marriage last month.

A critic penned: “Happy Father’s Day to Eamonn too, the father of your child,” while another said: “Don’t forget Eamonn father to your son Jack.”

Ruth’s 1.1 million followers rushed to her defence as a user replied: “Eamonn isn’t Ruth’s father… I’m sure his children will wish him a Happy Father’s Day themselves as they are all adults and don’t need their mothers to do it for them.”

Another agreed: “Unnecessary. Not your business,” while a third shared: “Why be so unkind. I’m sure after so many years it’s not easy for either of them.”

A fourth said: “What a ridiculous statement.”

Follow us to see more useful information, as well as to give us more motivation to update more useful information for you.

Source: CNN

Insurable Interest: A Key Concept in Insurance

Insurable interest is a fundamental principle of insurance contracts that ensures the legitimacy and fairness of insurance transactions. It refers to the legal right or financial interest a person or entity must have in the subject matter of the insurance contract. The concept ensures that the policyholder has a stake in the preservation or protection of the insured property or life. Without insurable interest, an insurance policy would not be valid or enforceable.

Key Aspects of Insurable Interest

1. Definition and Requirements
   • Definition: Insurable interest is a financial or other interest that one party has in the life, property, or liability that is the subject of insurance.
   • Requirements: It must be present at the time the insurance policy is issued. The policyholder should have a reasonable expectation of financial loss if the insured event occurs.
2. Examples of Insurable Interest
   • Life Insurance: A spouse has an insurable interest in the life of their partner because their financial security is tied to that person’s life.
   • Property Insurance: A homeowner has an insurable interest in their home and its contents because they own them.
   • Business Insurance: A company has an insurable interest in the health of its key employees, as their loss would affect business operations.
3. Purpose and Importance
   • Protection Against Moral Hazard: Ensures that the policyholder has a genuine interest in the preservation of the property or life, thus reducing the likelihood of fraudulent claims.
   • Legitimacy of Insurance Contracts: Guarantees that insurance contracts are not merely speculative bets on the occurrence of an event.

Types of Insurable Interest

1. Personal Insurable Interest: Direct and personal, such as a spouse having an interest in the life of the other spouse.
2. Financial Insurable Interest: A business owner has an interest in their inventory or machinery as loss would impact the business financially.
3. Property Insurable Interest: An individual has an interest in their home or car.

Legal Implications

• Life Insurance: Some jurisdictions require insurable interest only at the inception of the policy, while others require ongoing insurable interest throughout the policy term.
• Property Insurance: Insurance contracts may require insurable interest to be maintained throughout the duration of the policy. Failure to comply could result in the invalidation of claims.

Application in Insurance Policies

• Underwriting Process: Insurable interest is a key consideration during the underwriting process to assess risk and establish premiums.
• Claims Process: Insurable interest ensures that claims are legitimate, reducing fraudulent claims and ensuring that policyholders have a genuine financial stake.

Conclusion

Insurable interest is a foundational concept in insurance that ensures the integrity and validity of insurance contracts. It safeguards against moral hazard, establishes fairness in insurance transactions, and ensures that insurance policies provide genuine protection to policyholders. Understanding and applying insurable interest in insurance contracts is crucial for all parties involved, ensuring the protection and legitimacy of the insurance industry.