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Tag: insurer

Claim intimation in motor insurance
A statement in the motor insurance policy wording reads: “this policy and the schedule shall be read together and any word or expression to which a specific meaning has been
limitations as to use
‘Limitation as to Use’ of your motor vehicle

By: Insurancepe July 24, 2024

You must be aware that your motor insurance policy does not simply cover any loss or damage and that there are exceptions. Most of these exceptions are listed out in
duty
Are you aware of your duties in the event of an accident involving your insured vehicle? One such duty given in the policy document is as follows: “In the event
right to inspect
The Insurance Company’s RIGHT TO INSPECT

By: Insurancepe July 11, 2024

It seems no Insurer or Broker who deals with Motor Insurance has talked of the issue which is being said here. An extract from the Motor Policy Document which states:
Utmost Good Faith
If you have ever carefully read a proposal form of any type of insurance you are or were considering taking, you may have noticed a statement (usually in the Declaration)
section 45
If you go through your life insurance policy wording, you will come across Section 45, a provision of the Insurance Act, 1938 as amended by Insurance Laws (Amendment) Act, 2015.
Is Insurance a Subject Matter of Solicitation?

By: Insurancepe September 23, 2022

At the end of every insurance advertisement, we would find the words: “Insurance is a subject matter of solicitation.” It means that insurance has to be requested or asked for,