Laws laid down by supreme court
INSURANCE: Industrial All Risk Policy
Insurance –Industrial All Risk Policy
Case ;Gold Plus Grass Industry Ltd V/S United India
Insurance Co.
C Case No897 of 2015,Decided
on 28.12.2022
Fact ;Walls of glass factory damaged due to blast in furnace generation Claim
file for an amount of Rs 3,69,78,728.Claim repudiated under exclusion clause stating
manufacturer only undertook to bear cost of corrective engineering. National
Commission did not agree to make exclusion clause applicable and considered it
an accident .Hence loss is to be approved ,held NC.
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