MILES Insights · Live desk

Risk, decoded.

Market moves, claims lessons and the developments shaping cover in India — read by the people who place and settle it.

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28 Sep

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The Briefing

What the market is telling us.

2 min read

After Gujarat Floods, Property Insurance Discounts Shrink and Rates Rise

After nearly Rs 5,000 crore in Gujarat flood claims, insurers are cutting steep fire and property discounts, pushing many renewal premiums up.

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Risk Compass

What are you protecting?

Choose one. See what usually goes wrong, the cover worth discussing, and the one question to ask before your next renewal.

A housing society

What usually goes wrong

  1. Fire or short-circuit in common areas, meters or basements
  2. Lift, DG set or pump breakdown
  3. Injury to a visitor or worker in a common area
Ask before you renew “Is the building insured at today's reinstatement cost, or at an old value that would leave a gap after a claim?”
Get a briefing on this General guidance only — actual cover depends on the policy terms, conditions and exclusions.
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