Claim Payment, Non-Standard/Compromise Claims

If the insured has committed a breach of condition or warranty, the claim becomes non-standard. In a strict legal sense, these claims are not payable. But Insurers do not wish to rely on technicalities. Hence, settlement of these claims is considered subject to certain rules and regulations framed by Insurers. Usually. an extra premium is charged, the Policy rectified and payment made, depending upon the nature of the breach.

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