In a recent fire in Male,' your friend Ahsan's shop was destroyed, including all the goods in the shop. Ahsan was financially devastated and his business came to a complete stop. The total damages including loss of earning were MVR 1.5 million. Ahsan was unaware of the benefits and importance of insurance.

Ahsan seeks your advice on the legal principles of insurance and what he needs to consider in deciding on an insurance policy? I need the answer on policies to be enforced particularly on fire insurance policy.