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The limit of liability can
be selected by the insured.
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The insured should be prepared
to bear the deductible excess of each admissible
claim.
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This excess can be voluntarily
increased for which premium discounts are offered.
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This being a legal liability
policy, the claim amount payable is the amount
of compensation awarded by a court of law.
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In addition, the claimants'
costs and expenses in defending a claim are
also payable as consented by the Insurance Company.
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Notification extension clause:
Insured can notify any impending claim even
before any claim is preferred by the affected
parties. However the time limit for actual preference
of a claim, in writing, by the affected parties
is governed by the Indian Limitations Act.
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Extended claim reporting
clause: A claim arising during the policy period
but reported within 90 days after the expiry
or cancellation of the policy is a claim filed
in good time. In case of death of insured, his
legal representative is indemnified.
