Bolero stolen a day after premium payment; commission orders insurer to pay Rs 3.5 lakh
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In Punjab, a district consumer commission has ordered an insurance company to pay compensation for a stolen vehicle after initially denying the claim on the grounds of a late theft report. Upon review, the commission found no substantiation for the insurer's allegations of misrep...
In Punjab, a district consumer commission has ordered an insurance company to pay compensation for a stolen vehicle after initially denying the claim on the grounds of a late theft report. Upon review, the commission found no substantiation for the insurer's allegations of misrepresentation. Thus, the validity of the insurance policy was confirmed, with the company required to compensate the claimant with Rs 3.5 lakh plus interest.
Original Source
https://timesofindia.indiatimes.com/legal/news/man-paid-premium-a-day-before-his-bolero-was-stolen-but-insurer-rejected-claim-citing-policy-issuance-date-consumer-court-orders-full-rs-3-5-lakh-insurance-payout-9-interest-and-rs-25000-compensation/articleshow/135524195.cms
