Page 148 - Fire Insurance Ebook IC 57

Fire and Consequential Loss Insurance

(e) It is also useful to assess the probable maximum
loss and to fix the retention under the risk, and to
arrange for reinsurance if necessary.

.

Q3. Outline the scope of risk inspection report

Ans. The scope of risk information report is as follows:
a. General information -

(i) Name of proposer and the situation of the premises.
(ii) Brief history of the insured's factory, worker

strength, industrial relations, general standing and
reputation of the industrial group as a whole.
(iii) Detailed description of each building with reference
to constructional features, occupation, age, state of
repair, maintenance etc.
(iv) Other constructional features related to internal
walls and partitions, fire proof doors etc.

b. Lighting, heating and power -
(i) Detailed information with reference to electrical
installation in conformity with the regulations of the
Government and
(ii) Methods of heating, if any, used in the process of
manufacture and sources of power used.

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