Fire Insurance Under Indian Insurance Law

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The judgment should rest on factors like goodwill, and long run standing available in the market. The insurance corporations can either be approached straight or by way of brokers, a few of them who are appointed by the company itself. The person or the enterprise owner must submit a accomplished prescribed proposal form with the required particulars to the insurance company for correct consideration and subsequent approval. The knowledge within the Proposal Form ought to be given in good faith and should be accompanied by paperwork that confirm the precise price of the property or goods that are to be insured.

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