Every Diwali, a lot of cases of health, fire, and property damage caused by fireworks are reported in the newspaper. Most of the fire and property damage cases reported are related to stray firecrackers invading shops, warehouses, and houses causing… Continue Reading
The principle of insurable interest is one of the essential elements of insurance. It can be defined as the substantial emotional, financial, or pecuniary interest in the subject matter of the insurance contract. It means the party stands to gain… Continue Reading
Diwali is known to be the festival of lights and fun. It is the time of the year when we spend the most precious time with our loved ones. We celebrate Diwali by exchanging gifts, buying new clothes, eating sweets,… Continue Reading
Fire Insurance is an insurance contract between an insurer and an insured. It protects you from property damages due to fire and other covered perils. What are the principles of fire insurance? Indemnity – It compensates only to the extent… Continue Reading