Page 261 - Fire Insurance Ebook IC 57

The Insurance Times

the claims register and the claim docket.

Salvage recoveries, if any, are recorded correctly
in the register. The payment is also recorded in the
relative policy file. The cheque is then disbursed to
the insured.

Q3. What information is required as per claim
form?

Ans. The claim form requires the following information:
(i) Name of the insured, policy number and address.

(ii) Date, time, cause and circumstances of the fire or
the occurrence of the insured peril.

(iii) Details of damaged property.

(iv) Sound value of the property at the time of loss.
If the insurance consists of several items, a
declaration is required for the value of each
item.

(v) Amount claimed after deduction of salvage value.

(vi) Situation and occupancy of the premises in which
the loss occurred.

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