insurance companies charge extra premium to provide add on cover for hydro static loss in a motor vehicle policy.
9. The contention of the learned ... since the major damage to the vehicle occurred on account of hydro static loss and they had not charged extra premium in order to cover
complainant himself. The severe problem occurred in its engine due to hydro static lock as it was driven in the deep water logged area ... water in the engine were discovered which had resulted in hydro static lock problem in the vehicle. Generally hydro static lock problem occurs when
does not
exclude the loss to the vehicle due to hydro static lock. In the
absence of such an exclusion, the insurance company will have ... flooding irrespective of whether the said
loss occurred due to hydro static lock or for some other reason.
If despite IRDA permitting charging
rain water resulting in the locking of the
engine hydro statically resulting in the breakage of 7 cylinder block. The
complainant did not follow instructions
does not exclude the loss to the vehicle due to hydro static lock. In
the absence of such exclusion, the insurance company will have ... flooding irrespective of whether the said loss occurred due to
hydro static lock or for some other reason.
9. Contentions/arguments of Appellant Insurance Company
Market,
Mundy Himachal Pradesh.
Dear Sir,
Sub: Despatch - CHINNAMMAN CHP 939 Hydro Static Sensor Paver-Reg:-
We wish to inform you that we are going
Depreciation covers only the
depreciation on the replaced parts. Consumables and Hydro Static Lock
are not covered under Zero Depreciation unless opted as separate
termed that the fault in the engine was caused because of hydro-static law
as the Complainant had tried to start the insured vehicle
B.H.Goudru vs The New India Assurance Co. Ltd. on 28 February, 2024
Cause
