Shubham has taken a loan from Saurabh against the security of his factory, can Saurabh take a fire insurance policy of that factory? Explain

Yes saurabh can take fire insurance this is because of the principle of insurable interest...saurabh being a debtor has an insurable interest in the building..so he can take the insurance..
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Yes saurabh can take fire insurance this is because of the principle of insurable interest...saurabh being a debtor has an insurable interest in the building..so he can take the insurance..
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