India - insurers are morally bound to pay climate claims
Saturday, 12 24 2016, Category: Insurance and Reinsurance, Country: India
In the aftermath of cyclone Vardah that wreaked havoc in Chennai, policyholders, who have bought home insurance, have one thing to worry.
When insurers say they will cover home damage against natural calamities, what they sometimes fail to mention is that they don't necessarily cover damage due to rainfall. An exclusion in the fine print that can leave many policyholders fuming this December as it in December last year.
Source: The Times of India