Coverage Of 'Flood & Inundation' Insurance Includes Damage Caused By Heavy Rains And Not Just Overflowing Of River : SC [Read Judgment]
4 years, 11 months ago

Coverage Of 'Flood & Inundation' Insurance Includes Damage Caused By Heavy Rains And Not Just Overflowing Of River : SC [Read Judgment]

Live Law  

In a notable judgment, the Supreme Court had to interpret the meaning of the words 'Flood and Inundation' in an insurance contract.The issue before the Court was that whether these words included only damage caused by overflowing of rivers, or they included damages caused by heavy rains as well.This happened in the case Oriental Insurance Company Ltd v M/s J K Cement Works Ltd, which was. The issue before the Court was that whether these words included only damage caused by overflowing of rivers, or they included damages caused by heavy rains as well. This happened in the case Oriental Insurance Company Ltd v M/s J K Cement Works Ltd, which was an appeal arising from the order of National Consumer Disputes Redressal Commission. Case Details Title : Oriental Insurance Company Ltd v M/s J K Cement Works Ltd Case No.

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History of this topic

Inundation In Insurance Policies Include Act Of Flooding As Well As Its Consequences: NCDRC
3 months, 2 weeks ago

Inundation In Insurance Policies Include Act Of Flooding As Well As Its Consequences: NCDRC

Live Law  

The National Consumer Disputes Redressal Commission, presided by AVM J. Rajendra, held National Insurance Company liable for deficiency in service due to denial of insurance claim stating that inundation resulting from excessive rainfall does not fall within the flood policy's coverage. Brief Facts of the Case The complainant purchased a Standard Fire and Special Perils insurance policy from the insurer, …

Flood strikes North India: Why is a comprehensive motor insurance crucial during such natural disasters?
1 year, 6 months ago

Flood strikes North India: Why is a comprehensive motor insurance crucial during such natural disasters?

Live Mint  

The recent heavy rainfall and subsequent flooding in parts of North India, including Delhi, Himachal Pradesh, and Uttarakhand, have created an unpredictable and unfortunate situation for the affected regions. Comprehensive motor insurance policies typically cover such damages, allowing vehicle owners to seek financial compensation for repairs or replacements. Motor insurance with third-party liability coverage ensures that vehicle owners are protected …

Insurers say everyone will need flood coverage as climate change impact unfolds
1 year, 11 months ago

Insurers say everyone will need flood coverage as climate change impact unfolds

NL Times  

Insurers want every Netherlands resident to be able to get coverage against major flooding from 2025. The dichotomy on who covers what type of flood damage stems from the 1953 flood disaster, which caused so much damage that insurers could never bear it. Therefore, the government became the party that had to compensate for the damage when the primary flood …

Need to make a flood damage insurance claim? Here's what you need to know
2 years, 10 months ago

Need to make a flood damage insurance claim? Here's what you need to know

ABC  

Whether you have started the clean-up or are preparing for flooding, here is what you need to know if you have to make an insurance claim. You should also: make a list of damaged or destroyed items and any information about the date of purchase, model and make photograph and/or list floorings or other furnishings which will have to be …

Kerala floods: Insurance claims likely to be upwards of ₹1,000 crore
6 years, 4 months ago

Kerala floods: Insurance claims likely to be upwards of ₹1,000 crore

Live Mint  

New Delhi: Insurance companies expect claims in flood ravaged Kerala to cross ₹ 1,000 crore as the government declares the deluge as ‘calamity of severe nature’. Assessment of claims will take place with situation moving to normal, a senior official of an insurance firm said, adding clear picture will emerge in the next 4-5 days when claims are received. Public …

Kerala floods: PSU general insurers promise quick settlement of car, bike claims; set up camps across state
6 years, 4 months ago

Kerala floods: PSU general insurers promise quick settlement of car, bike claims; set up camps across state

Firstpost  

In the case of the Kerala floods, the loss will be higher under the motor insurance portfolio as the state has a sizeable number of costly vehicles. Many insurance firms including National Insurance Company, New India Assurance Company, Oriental Insurance Company and United India have also set up camps across the states to assist insurees in posting claims from damages …

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