https://www.taxtmi.com/caselaws?id=199478 Fire insurance cover was construed strictly by the policy terms and the insured's proposal answers, so property and stock lying outside the covered shed or building were not within the accepted risk. The meaning of "factory" in the Factories Act could not enlarge the contractual cover, and the later request to extend the policy was not accepted except for a bank-name amendment. The insurer's non-standard settlement was upheld because the reduction related only to items outside coverage and was supported by the survey material. Interest and costs were found unwarranted in the circumstances, and the broader claim was rejected. en-us Wed, 01 Dec 2004 00:00:00 +0530 Thu, 23 May 2024 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199478 Fire insurance cover was construed strictly by the policy terms and the insured's proposal answers, so property and stock lying outside the covered shed or building were not within the accepted risk. The meaning of "factory" in the Factories Act could not enlarge the contractual cover, and the later request to extend the policy was not accepted except for a bank-name amendment. The insurer's non-standard settlement was upheld because the reduction related only to items outside coverage and was supported by the survey material. Interest and costs were found unwarranted in the circumstances, and the broader claim was rejected. Case-Laws Indian Laws Wed, 01 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199478