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Declaration Clause Under this clause the insured is regularly declaring the stocks on monthly basis: The monthly declaration basis could be a.       The average value at risk on each day of the month or b.       The highest va
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CA. Sanjeev Soni
Name08-Jun-2013
Name1581
Name
0

In July 2005, due to the floods in Mumbai, a reputed Multinational Shoes manufacturing companies various showrooms and depots were affected. They have incurred a total loss of around 15 Crores. Insurance Coverage The insured had taken one Policy which mentions the value of stocks and furnitu
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CA. Sanjeev Soni
Name08-Jun-2013
Name1258
Name
0

On Reinstatement Policy & On Account Payment aspect. There was a fire loss in a Shoe manufacturing Company in Delhi and the insured had taken the policy on reinstatement basis. Due to the fire the insured had incurred a loss of Rs.2.00 Crores on Account of Stocks and around Rs.1.50 Crores on ac
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CA. Sanjeev Soni
Name08-Jun-2013
Name1053
Name
0

In one case, there was a fire in “Show Squeese Line” and the insured had taken the coverage for the material damage as well as the LOP. All the machines installed in the plant were imported machines, but very old.  After the fire, the insured had replaced/ repaired the plant an
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CA. Sanjeev Soni
Name08-Jun-2013
Name1059
Name
0

Case-1 The insured is dealing with various type of seeds. Actually he is dealing with normal agricultural seeds as Claimsd as hi brid seeds. There was a fire in the godown, in which one car and one bike was burnt along with the seed stocks and he lodged a claim of Rs.1.0 Crores on account of st
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CA. Sanjeev Soni
Name08-Jun-2013
Name939
Name
0

few insurances claim cases which have been rejected because of the specific reasons . these cases m,ay be of interest to general public so as to evaluate their loss and compare. the insured to have a real time assessment of the claims and to analyze why claims are rejected and, if there is a way how
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Engg Dijo Mathew
Name24-Sep-2013
Name6280
Name
0

The claim procedure is explained in the terms and conditions as one of the conditions of the policy but no insured is reading the policy as and when he receives the copy of the policy . at the time of cliam the insured is more worried about the loss and do not intend to read the same . moreover at
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sonali
Name24-Sep-2013
Name8461
Name
0

   FIRE INSURANCE CLAIM CASES   few insurances claim cases which have been rejected because of the specific reasons . these cases m,ay be of interest to general public so as to evaluate their loss and compare. the insured to have a real time assessment of the claims and to analyze why
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CA. Sanjeev Soni
Name24-Sep-2013
Name1989
Name
0

Sub:     Report showing the Technical reasons for the collapse of the Boundary Wall      During inspection it was observed that the Boundary Wall about 245’ Long collapsed due to Earth Pressure and water pressure from the Factory side. The sketch below w
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CA. Sanjeev Soni
Name08-Aug-2014
Name1658
Name
0
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