Page 250 - Fire Insurance Ebook IC 57

Fire and Consequential Loss Insurance

Important Points to Remember

Process of claim registration

On receipt of a claim intimation the first step is to verify
that :-

(a) The policy is in force.
(b) The perils covered under the policy are the same as the perils

under which the loss is reported.
(c) The items of properties affected and the location involved are the

same as covered in the policy.
(d) The interest involved is the same as referred to in the policy.
(e) Thereafter, the claim is registered and a claim number allotted.

Contents of the claim form

(a) Name of the Insured, policy number and address.
(b) Date, time, cause and circumstances of the fire or the occurrence

of other insured peril.
(c) Details of damaged property.
(d) Sound value of the property at the time of loss.
(e) Amount claimed after deduction of salvage value
(f) Situation and occupancy of the premises in which the loss

occurred.
(g) Capacity in which the insured claims, whether as owner , mortgagee

or the like.

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