Consumer Forum Orders Insurer to Pay 75% of Insured Value After Truck Was Stolen Days Before Policy Expiry

A recent ruling by the Ghaziabad District Consumer Disputes Redressal Commission held that an insurer must compensate 75% of the insured declared value (IDV), plus ₹5,000 for distress, after a Tata 407 truck was stolen just four days before the policy…