Page 141 - Fire Insurance Ebook IC 57
P. 141
The Insurance Times
The policy schedule
n The Schedule provides for all individual details of the insurance
contract.
n The Tariff rules provide that policies covering buildings and / or
contents shall show blockwise separate amounts on
i) Building
ii) Machinery and Accessories,
iii) Stock and Stock-in-Process and
iv) Furniture and other contents.
The format provides for individual details of the policy
which may be considered to fall under three categories
of data :
n Identification details.
n Risk Description.
n Occupancy-wise Net Rate Data.
Identification Data relates to:
n The name and address of insured and insurer.
n Policy number, Cover Note number, etc.
n Policy Period
n Shares of Co-insurers, if any.
Risk Description relates to :
n Description of property
n Sum insured (blockwise)
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