Anju has taken a loan from Avi against the security of his factory. Can Avi take a fire insurance policy of that factory?

Question

Anju has taken a loan from Avi against the security of his factory. Can Avi take a fire insurance policy of that factory?

Monjur Alahi

7 views

2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

No, she cannot. Because in case of fire insurance, insurable interest has to be present both at the time of affecting the policy and also when the claim falls due.

7 views Answered 2023-02-05 15:29