Case Study - Fire in Vehicle
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A fire broke out in a truck carrying 20 metric tons of textile yarn worth 22 lacs. The truck's steering stopped, causing it to topple over and leak diesel, which then ignited and burned the entire consignment to ashes. The case study examines whether the risk of fire was covered by the insurance policy and if the claim is payable.
Case Study - Fire in Vehicle
- 1. Case Study : Fire In Vehicle Sumali Parikh 30/Aug/2014 Absolute Insurance Surveyors & Loss Assessors Pvt Ltd
- 2. Details of the Incident Industry : Textile Commodity : Full Drawn Yarns (FDY) Loss Location : Devri, Bhiwara, Rajasthan Cause : Fire Consignment Value: 22 Lacs Consignment Weight: 20 MT
- 3. First View
- 5. * Steering of truck stopped * Vehicle toppled over * Diesel to leaked out * Fire ignited and entire consignment was burnt to ashes
- 6. * Is the Risk Covered ? * Is the Claim Payable? Points to Ponder