2.
You may be entitled to compensation from a insurance company.
If you sell or move your home, you may have to pay a premium for coverage.
The premium may be based on the size of the loss and the type of damage caused.
But if you sell the property and you lose it in a fire or earthquake, your claim for compensation may be reduced.
There are two types of claims that can be filed.
Claims based on damage caused by a natural disaster or disaster are filed in the National Disaster Claims Commission.
If the claim is successful, the claim will be reimbursed by the government.
The government may also pay up to $1 million for damage that occurred due to negligence or intentional misconduct on the part of the insured.
Claim based on negligence is filed in a civil court.
A civil court judge may award you damages up to a maximum of $250,000.
The amount of the award depends on the severity of the injury and the negligence or wrongful conduct on the insured’s part.
If a person was negligent, the insurance company may be able to recover up to the amount of insurance policy that the insured had on the property at the time of the accident.
A homeowner can also sue the insurance agent or other person responsible for the loss.
In the event of an accident or disaster, the person responsible should be held responsible for paying damages to the owner of the property.
If your home was destroyed or damaged in a natural or man-made disaster, you will have to sue the owner for damages to your home.
The insurance company should reimburse the owner in the amount required for the repair.
The claim should include an estimate of the cost of repair and a claim for punitive damages.
3.
You can also be sued for damages for any damage to your personal property that occurred after your home or belongings were moved.
This includes loss of value and any damages for damage caused due to negligent or intentional conduct on your part.
You should file a claim in a court of competent jurisdiction in the county in which your home and belongings are located.
Claims must be filed within seven days of the incident and the amount must be at least $50,000 and $50 million in the event that you lose your home after the disaster.
4.
You could also be liable if your belongings were stolen, but you did not report the theft to the police.
The Insurance Corporation of India, the government’s insurance regulator, can file a civil suit against you if the property you own was stolen and you were not able to locate the person who stole it.
If this happens, you can seek recovery from the person for the cost and damages of the recovery.
In this case, the property owner should be entitled for compensation in the form of a civil penalty.
5.
You might be entitled in some cases to compensation for loss of the ability to work due to a natural catastrophe.
If an insured dies and the deceased person is a tenant or tenant’s agent, he or she will be liable in the case of loss of employment due to an earthquake, fire, flood, natural disaster, tsunami or other calamity.
The person or agent will be entitled up to 100 percent of the proceeds from the sale or lease of the home, and up to 90 percent of any rental income received from the residence.
However, if the insured died and the property was not destroyed during the disaster, he would have to claim the rent that was paid on the house.
If there is no such property to be sold, the court may award the deceased tenant or agent any amount of rental income from the estate of the deceased.