Srinagar, Dec. 24 -- The Jammu & Kashmir and Ladakh High Court has directed an insurance company to satisfy an award in favour of the legal heirs of a man whose insured house was damaged during the September 2014 floods, holding that any clause allowing an insurer to escape liability after accepting premium is unfair and void. The court was hearing an appeal against an order of the J&K Consumer Redressal Commission, Srinagar, which had allowed the complaint of the respondents and directed the insurer to pay Rs.4,76,347 as compensation for flood damage to a residential house.A Division Bench of Justice Sanjeev Kumar and Justice Sanjay Parihar observed that insurance contracts are standard-form agreements drafted unilaterally by insurers, l...