What does it take to establish an insurable interest? For example, does an employer have an insurable interest in an employee’s life? A retired executive’s life? Does a creditor have an insurable interest in a debtor’s life? The owner of property has an insurable interest in the property. Do mortgagees and lienholders have an insurable interest in property? Does a tenant have an insurable interest in the landlord’s property? Does a thief have an insurable interest in stolen property?