Non-Standard claims where the insured may have committed a breach of condition or warranty.
Condition of average or average clause - a condition in some policies which penalises the insured for insuring his property at a sum insured less than its actual value known as underinsurance. In the event of a claim the insured gets an amount that
Act of God perils - Catastrophic losses - Natural perils like storm, cyclone, flood, inundation, and earthquake are termed as ?Act of God? perils. These perils may result in losses to many policies of insurer in the affected region.
On account payment - usually happens if the loss is large and the completion of assessment may take some time.
Sum insured under a fire policy stands reduced to the extent of the amount of claim paid.
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