Warning: Use of undefined constant referer - assumed 'referer' (this will throw an Error in a future version of PHP) in /usr/home/essaywo/public_html/essays on line 102

Warning: Use of undefined constant host - assumed 'host' (this will throw an Error in a future version of PHP) in /usr/home/essaywo/public_html/essays on line 105

Warning: Cannot modify header information - headers already sent by (output started at /usr/home/essaywo/public_html/essays:102) in /usr/home/essaywo/public_html/essays on line 106

Warning: Cannot modify header information - headers already sent by (output started at /usr/home/essaywo/public_html/essays:102) in /usr/home/essaywo/public_html/essays on line 109
Property Damage From Chennai Floods - Papers

Property Damage From Chennai Floods

Facts

The recent floods in Chennai have caused massive property damage. As a result, insurance claims are expected to touch Rs 5000 cr in the region. Till 15 December when the water was gradually receding, non-life insurance claims had shot up to 2500 cr for the financial year.

The largest portion of the claims are from the Chennai Based United Insurance which has received around 1850 claims with a value of over Rs 657 Crore. Highest number of claims has been for Auto insurance due to the large number of cars that were affected by the flood.

Insurance companies have simplified the claim process, opened up dedicated claim processing centres, giving waiver of certain documentation, ...

Want to read the rest of this paper?
Join Essayworld today to view this entire essay
and over 50,000 other term papers

for parking, repair estimates and towing. Reports have suggested that dealers have been charging 11,000 for parking, 7-9k for towing and 4-4.5k for preparing repair estimates. Dealers are also pushing customers to buy new cars in order to avoid high waiting time for repairs and services.

Significance

Due to the massive pile-ups at service stations a lot of people are suffering due to unavailiblity of their cars, slow services and insurance claims. Reports suggest that a few claims have been denied as certain actions after flooding of the vehicle qualify as deliberate damage. To make sure that your insurance claim gets approved, please follow certain do's and don'ts-

Do

- Make sure your insurance policy covers flood damage.

- Inform your insurance company immediately if your vehicle was flooded or damaged by rain

- Take pictures of the vehicle if submerged in water.

- Alert an authorised service station/workshop to facilitate the towing of your ...

Get instant access to over 50,000 essays.
Write better papers. Get better grades.


Already a member? Login


CITE THIS PAGE:

Property Damage From Chennai Floods. (2016, July 14). Retrieved December 23, 2024, from http://www.essayworld.com/essays/Property-Damage-From-Chennai-Floods/105759
"Property Damage From Chennai Floods." Essayworld.com. Essayworld.com, 14 Jul. 2016. Web. 23 Dec. 2024. <http://www.essayworld.com/essays/Property-Damage-From-Chennai-Floods/105759>
"Property Damage From Chennai Floods." Essayworld.com. July 14, 2016. Accessed December 23, 2024. http://www.essayworld.com/essays/Property-Damage-From-Chennai-Floods/105759.
"Property Damage From Chennai Floods." Essayworld.com. July 14, 2016. Accessed December 23, 2024. http://www.essayworld.com/essays/Property-Damage-From-Chennai-Floods/105759.
JOIN NOW
Join today and get instant access to this and 50,000+ other essays


PAPER DETAILS
Added: 7/14/2016 06:10:41 AM
Submitted By: karan10
Category: Economics
Type: Premium Paper
Words: 409
Pages: 2

Save | Report

SHARE THIS PAPER

SAVED ESSAYS
Save and find your favorite essays easier

SIMILAR ESSAYS
» My School
» Religion In Our Lives
» Pride And Prejudice
» Abortion Is Murder
» Reoccurring Themes And Symbols
» Important Factors In A Romantic...
» Corporate Strategy
» Dreams
» Tongan Mothers In New Zealand,
» Effective Listening
Copyright | Cancel | Contact Us

Copyright © 2024 Essayworld. All rights reserved