The terrifying visuals of cars being washed away and houses collapsing due to floods in Himachal Pradesh and Uttarakhand, along with waterlogged streets in Delhi and Gurugram, have once again brought to fore the havoc that torrential rains can wreak on lives and properties.
General insurance companies are bracing themselves for claims from the region. “We have received around 50-55 claim intimations from car owners so far. Torrential rains hit these states over the weekend. So, our sense is that many people wouldn’t have ventured out. From that perspective, claim impact could be limited, but it’s too early to tell. Perhaps, the picture will be clearer in another two to three days’ time,” says TA Ramalingam, Chief Technical Officer, Bajaj Allianz General Insurance.
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