Apex Court on Insurer's denying theft claim reported after long delay !!
Insurance is a contract and in every legal contract, contracting parties are bound by the terms and conditions agreed upon. Any ambiguity in the contract will be held against the drafter of the contractor. Insurers indemnifies losses arising out insured perils occurring during the currency of policy – subject to compliance of the terms and conditions. Every policy would mandate intimation of loss within reasonable time and some policies do specify the dates within which the incident will have to be reported to Insurers... Читать дальше...