Multiple choice

Which of the following statements is/are correct? A. The insured must have insurable interest in the subject matter of the insurance in case of fire insurance. B. The contract of fire insurance is a contract of strict indemnity. C. The contract for fire insurance is for a period of one year after which it has to be renewed.

  1. Only A

  2. Only B

  3. Only C

  4. All of these

  5. None of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

This is the correct answer as all the statements are correct about fire insurance.

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