Residential Society


Standard Fire & Special Perils

LOSSES OF RS. 0.6 CRORE

CLIENT'S SITUATION

 

Damage to passenger lifts, boom barriers, gym equipment, motors, and other electronic equipment was caused by waterlogging.

The insurer recognized a loss of Rs. 40 lakh according to the reinstatement bills. After applying a deductible and accounting for 50% underinsurance as assessed by the surveyor, the final loss amounted to Rs. 20 lakh.

 

 

We intervened in the case and advocated for our client with the insurance company. Engaging directly with the surveyor and insurer, we argued the case on its merits. Leveraging the expertise of our Accounts Team in assessing Sum-Insured adequacy, we successfully eliminated the underinsurance, resulting in a direct benefit of Rs. 20 lakh for the client.

WHAT WE DELIVERED

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