Page 28 - Fire Insurance Ebook IC 57

Fire and Consequential Loss Insurance

days or within any extension period if granted.
(c) Submission of all reasonable information and proof

in respect of the claim at the insured's expense.
(d) A declaration, an oath or any other legal form of

the truth of the claim.

This condition expressly provides that compliance
with its terms is binding on the insured to fulfill the
insurer's liability.

The second part of the condition is known as
limitation condition. According to this condition
the liability of the insurer ceases after the expiry of
12 months from the date of loss, unless the claim is
the subject of arbitration or pending action.

If the liability for any claim is disclaimed by the
insurer, and the insured has not filed a suit within
12 months from the date of disclaimer , the claim
is deemed to be abandoned and time barred. This
condition provides necessary protection to the
insurer against inordinate delay on the part of the
insured as it is not possible to keep the accounts

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