Page 156 - Fire Insurance Ebook IC 57
P. 156
Fire and Consequential Loss Insurance
It takes into consideration all the changes that have
been made during the currency of the policy.
h. Coverage of the policy schedule -
The policy schedule covers
(i) Identification details - Name & address of
insured and insurer, Policy number, Cover Note,
number , Policy period, Share of Co-insurers, if any.
(ii) Risk description - Description of property and
address, Sum Insured, Net Rate, Premium,
Applicable warranties and clauses , Total sum
insured and Total premium
(iii) Occupancy-wise Net Rate Data - Risk Code/rate
code., Claims, Experience, Discounts ,FEA , Net
rate, buildings, contents, etc.
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