Search Results for "Reinstatement value"

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Search Results for "Reinstatement value"

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Supreme Court

"Supreme Court Resolves Insurance Dispute: Depreciation Calculation at the Center" "Judgment emphasizes compliance with policy terms and fair application of depreciation rates in insurance claims."

30 Apr 2024

The Supreme Court resolved a dispute between New India Assurance Company Ltd. (NIACL) and Tata Steel Ltd. (formerly Bhushan Steel) concerning an insur...

Supreme Court

Supreme Court Allows Complainant in Insurance Claim Dispute by Reinstating State Commission Award - Reinstatement Value Payable Over Depreciated Value Under Fire Insurance Policy. Interpretation of Clause 9 of Section 2 of Standard Fire and Special Perils Policy Requires Payment of Reinstatement Value When Insurance Company Unable to Reinstate, as Assessed by Surveyor, Resolving Ambiguity in Favor of Insured.

13 Jan 2023

The dispute arose from a fire insurance claim under a Standard Fire and Special Perils Policy obtained by the complainant, with a sum insured initiall...

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