In Brief
An insurance company providing transit coverage rejected a claim for loss of aluminium alloy conductor wire, citing a seven-day notification period in the policy. The National Commission upheld the rejection on this ground, but the Supreme Court reversed it. The Court held that by appointing a surveyor and issuing a repudiation letter that made no mention of the time condition, the insurer had waived its right to rely on the duration clause. The Court affirmed the State Commission's award of compensation of approximately Rs. 43 lacs, finding the insured had acted diligently and the surveyor had confirmed the loss.",
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