A fire broke out in a truck carrying 20 metric tons of textile yarn worth 22 lacs. The truck's steering stopped, causing it to topple over and leak diesel, which then ignited and burned the entire consignment to ashes. The case study examines whether the risk of fire was covered by the insurance policy and if the claim is payable.

1. Case Study : Fire In Vehicle
Sumali Parikh
30/Aug/2014
Absolute Insurance Surveyors & Loss Assessors Pvt Ltd

2. Details of the Incident
●
Industry : Textile
●
Commodity : Full Drawn Yarns (FDY)
●
Loss Location : Devri, Bhiwara, Rajasthan
●
Cause : Fire
●
Consignment Value: 22 Lacs
●
Consignment Weight: 20 MT

3. First View

4. Original Form
of
Consignment

5. * Steering of truck stopped
* Vehicle toppled over
* Diesel to leaked out
* Fire ignited and entire
consignment was burnt to
ashes

6. * Is the Risk Covered ?
* Is the Claim Payable?
Points to Ponder