Question

Mr Raj took an insurance policy against his car but he sold it within a year to his friend Mr Rohit the car was stolen Mr Raj made a claim to insurance company his name was rejected in the ground that Mr Raj was no longer owner of the car so he had no insurable interest in the subject matter of the insurance no ever he had no finance involved with could be insured any damage to the car would not be fact him adversely anyway.
answer the following questions:
A.)what does principle of insurable interest state.
B.)who should have claimed for insurance company.
C.)Mr Raj justified in making a claim​

Answer 1

Answer:

A.) the principle of insurable interest states that the claim for the insurance upon any object can be made only by the present, rightful owner of the object by law.

B.) Mr. Rohit should've claimed for the insurance in the insurance company.