tag:blogger.com,1999:blog-4026752849891280534.post3126887740585298193..comments2024-03-29T15:01:42.997+05:30Comments on "Sampath Speaking" - the thoughts of an Insurer from Thiruvallikkeni: what is a hailstorm........ and is that covered in Insurance PolicySrinivasan Sampathkumarhttp://www.blogger.com/profile/14723907851050009131noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4026752849891280534.post-39397115964127464002016-09-27T18:05:48.488+05:302016-09-27T18:05:48.488+05:30Hello sir,
Let's perceive it other way for the...Hello sir,<br />Let's perceive it other way for the sake of debate, I reproduce the definition you have stated for storm which is "A storm is any disturbed state of an astronomical body's atmosphere, especially affecting its surface, and strongly implying severe weather. It may be marked by strong wind, thunder and lightning (a thunderstorm), heavy precipitation, such as ice (ice storm), or wind transporting some substance through the atmosphere (as in a dust storm, snowstorm, hailstorm, etc). So as per definition storm may be marked by strong wind also which is nothing but a Strong gale. Despite meteorological department describes storm based on the wind speed specified by Beaufort scale, no where in the policy there is a reference made to storm on Beaufort scale. Being a layman, policy holder will interpret only the common definition, therefore in his view strong wind or gale is also classified under Storm irrespective of the intensity. As storm is not defined in the policy(based on wind speed)leaves an ambiguity,so benefit of doubt should be given to the insured as he has really suffered a loss due to strong wind (act of god peril). Just a thought, correct me if i am wrong. Thank you!<br /><br />Regards,<br />Meiyappan.M <br /><br />Meiyappan Mhttps://www.blogger.com/profile/08253062010830101027noreply@blogger.comtag:blogger.com,1999:blog-4026752849891280534.post-50359464925219277242014-04-09T14:58:53.949+05:302014-04-09T14:58:53.949+05:30The erstwhile TAC has issued lot of circulars. In ...The erstwhile TAC has issued lot of circulars. In one of the circulars they have specifically stated that Hail Storm is covered under Fire cover. I have settled one large claim of around Rs. 50 lakhs (settled by Board) for the damage to the machinery caused by the hailstorm.Your observation is right but for the specific circular the claim could not have been settled.<br />Is it right on the part of the Insurer to deny claims on technical grounds like this?I understand one of the large claims in UK was repudiated stating the proximate cause was design defect in the building and not the stormUnknownhttps://www.blogger.com/profile/13396635832816007472noreply@blogger.com