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Supreme Court of India 2022-01-24 dismissed

Shivram Chandra Jagarnath Cold Storage & Anr vs New India Assurance Company Limited & Ors

Bench: 2 — D.Y. Chandrachud

In Brief

The appellant operated a cold storage facility storing potatoes under a Deterioration of Stock Insurance Policy. After the potatoes sprouted in storage, a claim was submitted. The insurer denied the claim, citing a policy exception that excluded liability if refrigeration chamber temperatures did not exceed 4.4°C (40°F). The insured initially stated proper temperature was maintained but later claimed temperature had risen. The Supreme Court held the exception was unambiguous and applied to the case. Since temperature records and the insured's own admission showed temperatures remained below the threshold, the insurer was not liable. The Court found no reason to read down the exception clause as it was fundamental to the policy's purpose and not inconsistent with it. The appeal was dismissed.

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Insurance Law Consumer Protection Deterioration of Stock Policy Contract Interpretation Exception Clauses

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