Page 146 - Fire Insurance Ebook IC 57
P. 146
Fire and Consequential Loss Insurance
(vi) Construction materials.
(vii)Height of building.
(viii) Age of building: (a) Less than 5 years (b) 5 -
10 years (c) 10 - 20 years (d) Above 20 years.
D. Sum Insured - The proposal form contains following
details about the Sum Insured:
(i) The basis proposed for insurance for buildings/
machineries/furniture, fixtures and fittings.
(ii) Whether on Market value or Reinstatement value.
(iii) Building-wise values :
Description Building Machinery F.F.F Stock & Total
of including & Stock in
Block Plinth Accessories Process
(iv) Separate values for stocks covered on special basis.
(v) Floater basis.
(vi) Declaration Basis.
(vii)Stocks stored in open.
(viii)Separate sum insured for Add on covers, e.g,
Architect's fees, Debris Removal etc.
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