Page 256 - Fire Insurance Ebook IC 57
P. 256
Fire and Consequential Loss Insurance
his address, name of the bank, interest of a
financial institutions, or any other mortgagee. It
contains the full details of adjustment of the loss
and the surveyor's opinion on the question of
liability under the policy.
This final report is then scrutinized along with the other
relevant documents. If everything is in order, then only
a discharge voucher is sent to the insured for his
acceptance and signature.
(b) Discharge voucher - After the investigation and
inspection of the insurers (with, or without surveys) ,
the entire expenses are summed up and the maximum
probable disbursable amount is calculated out.
The insurers then send a 'Discharge Voucher' of the
said amount with the other relevant details to the insured.
After the insured accept the amount and returns the
'discharge voucher' duly signed , the insurers process
the cheque for full and final settlement of the claim of
the same amount.
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