I made a claim of Rs 18,000 against my laptop, which is insured for Rs 50,000. Does this mean that the sum insured for the rest of the policy period will be reduced to Rs 32,000?
Amitesh Mishra, Patna
There are many people who do not understand the value of taking a policy to cover the risks that their laptops and other gadgets face. You have experienced the advantage of having insured your laptop, which has become such an essential gadget that one cannot do without these days. As for the policy coverage after having raised a claim; once the claim is paid, the sum insured on the laptop automatically falls by the amount of claim paid. However, under most policies you have the option to reinstate the sum insured by paying a pro-rata additional premium on the amount of claim. If you have not opted for reinstatement, your policy will continue to offer you cover for Rs 32,000 for the remaining part of the policy tenure.
