Citizens take road to insurance
Deccan Herald News Service
Hubli:For the first time in the history of the Hubli-Dharwad Municipal Corporation (HDMC), people of a residential area in Hubli have insured a road asphalted by the corporation a few months ago...
For the first time in the history of the Hubli-Dharwad Municipal Corporation (HDMC), people of a residential area in Hubli have insured a road asphalted by the corporation a few months ago.
The corporation had asphalted the Thimmasagara Temple Main Road under the Calamity Relief Fund (CRF). This road is an arterial road connecting PB Road to Unkal Hosur Road situated in the heart of Vidyanagar, which falls in Ward No 43 (Zonal No 9).
Subsequently, the residents came out with the novel of idea of insuring that stretch of road and approached the HDMC authorities.
Welcoming the residents’ initiative, Commissioner P Manivannan agreed to insure that road on behalf of the HDMC.
Later, the residents also got a no objection certificate (NoC) from the corporation and approached the Oriental Insurance Company, who insured the road for Rs 2 lakh with an annual premium of Rs 303. The residents contributed equally to pay the premium.
They felt the need to insure the newly asphalted road in order to reduce the burden of maintenance.
The total sum assured is Rs 2 lakh and in case of any claims for the damages mentioned in Standard Fire and Special perils policy schedule, the amount would be directly remitted to the HDMC account.
The people here opined that the corporation has helped them a lot in many things and it was also their duty to do something in return to help the civil body.
The residents are now planning to plant saplings on either sides of the road for further development.
No insurance would be paid if anybody digs up the road to lay water pipelines or for underground drainage system. The residents could claim insurance for any possible road damage caused due to pipeline burst. In such a situation, the insurance money would be deposited to the HDMC’s account from which the road can be rebuilt.
Deccan Herald News Service
Hubli:For the first time in the history of the Hubli-Dharwad Municipal Corporation (HDMC), people of a residential area in Hubli have insured a road asphalted by the corporation a few months ago...
For the first time in the history of the Hubli-Dharwad Municipal Corporation (HDMC), people of a residential area in Hubli have insured a road asphalted by the corporation a few months ago.
The corporation had asphalted the Thimmasagara Temple Main Road under the Calamity Relief Fund (CRF). This road is an arterial road connecting PB Road to Unkal Hosur Road situated in the heart of Vidyanagar, which falls in Ward No 43 (Zonal No 9).
Subsequently, the residents came out with the novel of idea of insuring that stretch of road and approached the HDMC authorities.
Welcoming the residents’ initiative, Commissioner P Manivannan agreed to insure that road on behalf of the HDMC.
Later, the residents also got a no objection certificate (NoC) from the corporation and approached the Oriental Insurance Company, who insured the road for Rs 2 lakh with an annual premium of Rs 303. The residents contributed equally to pay the premium.
They felt the need to insure the newly asphalted road in order to reduce the burden of maintenance.
The total sum assured is Rs 2 lakh and in case of any claims for the damages mentioned in Standard Fire and Special perils policy schedule, the amount would be directly remitted to the HDMC account.
The people here opined that the corporation has helped them a lot in many things and it was also their duty to do something in return to help the civil body.
The residents are now planning to plant saplings on either sides of the road for further development.
No insurance would be paid if anybody digs up the road to lay water pipelines or for underground drainage system. The residents could claim insurance for any possible road damage caused due to pipeline burst. In such a situation, the insurance money would be deposited to the HDMC’s account from which the road can be rebuilt.
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