Supreme Court Upholds Insurer’s Depreciation Calculation in Fire Damage Claim: New India Assurance Co. Ltd. vs. Tata Steel Ltd. (2024)

/ Consumer Disputes, Consumer Law, Consumer Law with IRDA Regulations, Insurance Law, Insurance Law with Section 64 UM (2), Reinstatement Value Clause

Supreme Court Upholds Insurer’s Depreciation Calculation in Fire Damage Claim: New India Assurance Co. Ltd. vs. Tata Steel Ltd. (2024) LEGAL ISSUE: Whether an insurance company was justified in calculating depreciation at 60% for a fire damage claim, and whether the insured was entitled to full reinstatement value. CASE TYPE: Insurance Law, Consumer Law Case […]

Supreme Court Upholds Insurer’s Depreciation Calculation in Fire Damage Claim: New India Assurance Co. Ltd. vs. Tata Steel Ltd. (2024) Read Post »