[Solved] Mr. Mahesh takes out an Insurance Policy on His House. He sells His House, After a Couple of Months of taking the Policy. In Case, there is Some Damage to the House, can Mr. Mahesh receive the Claim?

Q.	Mr. Mahesh takes out an Insurance Policy on His House. He sells His House, After a Couple of Months of taking the Policy. In Case, there is Some Damage to the House, can Mr. Mahesh receive the Claim?
A.	Yes, Because, Insurable Interest was Present at the Time of Taking-Out the Policy.
B.	Yes, if the Current Owner of the House, allows.
C.	Yes, if the Damage is Within One Year of His Selling the House.
D.	No, Because, there is No Insurable Interest, Present.
Answer» D. No, Because, there is No Insurable Interest, Present.

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Insurance Exam (LIFE)

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