law: Transfer of Property Act, 1882
  49. Transferee's right under policy
  Where immovable property is transferred for consideration, and
  
  such property or any part thereof is at the date of the transfer insured
  
  against loss or damage by fire, the transferee, in case of such loss or damage,
  
  may, in the absence of a contract to the contrary, require any money which the
  
  transferor actually receives under the policy, or so much thereof as may be
  
  necessary, to be applied in reinstating the property.