Tag: fire claim settlement
Fire Insurance Claims: How to Maximize Your Settlement
Claims under a fire insurance policy should be reported immediately to the insurance company to ensure timely settlement of claims. Once the claim is intimated to the insurance company, you should give a brief description of the accident and mention the extent of loss or damage to the property. Damage or loss to the property […]
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Underwriting the Policy at the Time of Claim Settlement
National Consumer Disputes Redressal Commission (NCDRC) has held that once verification of property and policy issuance is done by the insurance company, it cannot raise objections of non-disclosure or misrepresentation of material facts by the Insured. Underwriting at the time of claim settlement is not an option for the Insurer. Let’s Look at the Case […]
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