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Tag: property insurance

war
Does your insurance cover War?

By: Insurancepe May 16, 2025

In light of the recent tensions along the India-Pakistan border, a question that has come up time and again is: Does insurance cover war-related damages? Let’s break it down by
bima trinity
Insurance in India is about to become simpler, more accessible, and affordable. The Insurance Regulatory and Development Authority of India (IRDAI) has introduced an innovative three-part strategy called “Bima Trinity”
Claims data 2024
Concerning claims payment data 2024

By: Insurancepe January 4, 2025

The Insurance Regulatory and Development Authority of India (IRDAI) has revealed concerning data for FY2024: nearly one-third of all registered insurance claims remain unpaid. This includes over 3 crore claims
safe deposit lockers insured?
Safe deposit lockers – are they insured?

By: Insurancepe November 21, 2024

On 18th November 2024 robbers decamped with 19kg of gold ornaments valued at Rs. 13 crore kept in the strongroom of the State Bank of India (SBI) branch of Rayaparthy
Tata Power Trombay
Tata Power recently made headlines by filing a substantial insurance claim of Rs. ₹221 crore following a fire at its Trombay Plant (Unit 5) on September 24, 2024. This fire
Deductible and excess
Deductible vs Excess? Compulsory vs Voluntary?

By: Insurancepe August 30, 2024

Be it motor, health or property insurance, you have probably encountered the terms excess and deductible at the time of buying your insurance policy – or, at the time of
Does your insurance cover War?

By: Insurancepe October 30, 2023

With distressing news of war and conflict from different parts of the world becoming increasingly and worryingly common, we ordinary people can only hope that peace comes sooner than later,
Fighting Fire – Types of Fire

By: Insurancepe June 21, 2023

Fire insurance covers damages and losses caused by accidental fire. Such insurance covers the loss that the insured may suffer due to destruction of or damage to property or goods,
In insurance, the rule of ‘proximate cause‘ is often called into action “to determine whether an event covered by a policy or an event excluded by the policy is the
THE INNOCENT INSURED

By: Insurancepe December 7, 2022

In a joint-owned property, there can be more than one insured in an insurance policy. When one insured causes a loss through wrongdoing, the other insureds are considered “innocent insureds.”