Inundation In Insurance Policies Include Act Of Flooding As Well As Its Consequences: NCDRC
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, National Insurance Company Limited, to cover stock stored in rented premises. Observations by the National Commission The National Commission observed that the primary issue was whether the stock loss due to heavy rain is covered under the Standard Fire and Special Perils Policy. The commission noted that, as confirmed by previous rulings, inundation resulting from excessive rainfall falls within the policy's coverage, as confirmed by previous rulings,including Vaibhav Dyestuff Industries vs. New India Insurance Co. Ltd., which found the claim plausible based on surveyor observations and supporting evidence.
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