Section 393: Insurance of house to be procured

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1) A tenant who rents a house for industrial or business purposes shall procure the insurance of the house for its security.

Explanation: For the purposes of this Section, the term “industrial or business purpose” means the operation of any industry or carrying on a business or trade by having a departmental store or one or more than one shop.

2) If the person obliged to procure insurance pursuant to sub-section (1) fails to procure insurance of the house and the house is damaged by such cause as disaster, unrest, riot, or fire, the tenant shall be liable for such damage.

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Section 393: Insurance of house to be procured

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