Question

Q22. Soham has taken fire insurance policy for his factory. Due to fire he suffered
a loss of rupees 2 lakh and he gets the compensation for the same. The half-
burnt goods can be sold for Rupees 30,000. Which principle of Insurance states
that Insurance Company has the right over the amount realised by selling half
burnt goods? *
O Principle of mitigation
O Principle of subsrogation
O Principle of Insurable Interest
O Principle of Indemnity​

Answer 1

Answer:

principle of subrogation .