Specific Risks – Insured cannot take Advantage by double Insurance: SC

United India Insurance Co. Ltd. Vs Levis Strauss (India) Pvt. Ltd. (Supreme Court)

THE APEX COURT HELD THAT-In Case Of Specific Risks, such as those arising from loss due to fire etc. , the Insured Cannot profit and take advantage by double Insurance.

“Double Insurance”, is a scenario where an entity seeks to cover risks for the same or similar incidents through two different overlapping policies.

The Top Court made this observation while dealing with an appeal questioning an order of the National Consumer Disputes Redressal Commission, (NCDRC) which allowed the insurance claim of Levi Strauss (India) Pvt. Ltd. (“Levi”).

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