1. The property insurance policy cannot be directly transferred, and can only be effectively transferred after the insurance company corrects it. If the insurance company is not notified, then Li is not in the insurance contract and is not the insured, and the insurance company has reason to refuse to pay compensation.

The judgment of the court is unreasonable, because property insurance is based on the principle of compensation for losses. When an accident occurs, the amount of compensation shall be determined according to the actual value of the subject matter insured at the time of the accident. Secondly, when concluding a contract, an insurance company should determine the insured amount based on the actual value or agreed value of the insured property and the intention of the insured. Therefore, in this case, the insurance company should compensate the insured for 30,000 yuan, which is in line with the principle of compensation for insurance losses. At the same time, because the insured amount exceeds the value of the subject matter, the insurance company shall refund the premium of the insured.