Question

3. Anshuman had taken a Car Insurance Policy of Rs. 3,00,000 from Tata AIG Insurance.
His car was stolen. After completing all the legal formalities, Tata AIG paid the full
policy amount to him. However, after 1 year, the police recovered the stalen car. Now,
Anshuman wants to sell the car to realize money from it
, while Tata AIG daims to have a
right over it
. Identify and explain the principle of insurance which is applicable in the
given case. Also, state who has the right over the car.​

Answer 1

Explanation:

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