Saved Bookmarks
| 1. |
Can Fire Insurance Policy be assigned? Mention the probable reasons for it. |
|
Answer» A fire insurance policy cannot be assigned (i.e. the legal rights or liability of the contract cannot be transferred to any other third party/ individual apart from the ones who had initially entered the contract) without the permission of the insurer because the insured must have insurable interest in the property at the time of contract as well as at the time of loss. |
|