Same Risk but “Basis of Indemnity” is different under two different policies namely Industrial All Risk (IAR) and an individual MBD/EEI policy Loss Settlement Basis: Under IAR Policy : The loss in settled...

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Whether Hydrostatic Lock loss is covered or excluded under Motor Insurance Policy? Generally the hydrostatic lock loss is not paid by the insurers on the plea that the water ingress is a consequential loss which...

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Coverage of Boundary wall under Standard Fire and Special Perils Insurance Policy (SFSP) Whether boundary wall is included in the building, if the word boundary wall is not specifically mentioned in the policy? As per...

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Whether Personal Accident Insurance Policy covers death due to Heat/Cold waves? Under the basic coverage’s of PA policy, the insured should sustain any bodily injury or death resulting solely and directly from accident caused by...

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Arbitration Clause under Consequential Loss of Profit Most of the insurance policies have “Arbitration clause” but there two insurance policies which do not have the same like Marine Cargo Insurance (Open Cover) and Consequential Loss...

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Most of us observed whenever there is  burglary/theft  claim under Burglary Insurance Policy or theft of the vehicle,  the Insurer insists to file a FIR and copy of the same to be submitted to...

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