Bolero stolen a day after premium payment; commission orders insurer to pay Rs 3.5 lakh

 In Punjab, a district consumer commission has ordered an insurance company to pay compensation for a stolen vehicle after initially denying the claim on the grounds of a late theft report. Upon review, the commission found no substantiation for the insurer’s allegations of misrepresentation. Thus, the validity of the insurance policy was confirmed, with the company required to compensate the claimant with Rs 3.5 lakh plus interest. In Punjab, a district consumer commission has ordered an insurance company to pay compensation for a stolen vehicle after initially denying the claim on the grounds of a late theft report. Upon review, the commission found no substantiation for the insurer’s allegations of misrepresentation. Thus, the validity of the insurance policy was confirmed, with the company required to compensate the claimant with Rs 3.5 lakh plus interest.