Question

Mr. Sanjeev took an insurance
policy against his car and after
three months, he sold it to Ms.
Chopra, the car was stolen from
outside of Ms. Copra's house.
Mr. Sanjeev made a claim to the
insurance company. His claim
was rejected on the grounds of
him not being the owner of the
car and him having no insurable
interest as well as financial loss.
Was Mr. Sanjeev right in making
the claim? Who should get the
compensation? What does
principle of insurable interest
say?

Answer 1

Explanation:

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