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Claim not payable if policy conditions are flouted

The National Commission observed that the requirement of first-class construction was mentioned in the cover note and the policy, so stock kept elsewhere wouldn't be covered

Topics
Mittal | cotton yarn | New India Assurance

Jehangir B Gai 



Jehangir B Gai

Cot Fab, a private limited company, is a manufacturer and trader of cotton yarns. It had obtained a Standard Fire and Special Perils Policy from for the period June 9, 2002 to June 8, 2003. The policy covered the insured’s building, plant and machinery, and stocks for a total value of about Rs 10.84 crore.

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First Published: Sun, April 10 2022. 21:40 IST

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