Page 283 - Fire Insurance Ebook IC 57

The Insurance Times

f. Average - If the sum insured under each of the property
is adequate, a statement to that effect is made. If there
is under insurance, then calculation of pro-rata average
is done.

Where the loss amount is large but total value of property
covered is large, the surveyor may consider that going
for claim is not worthwhile for the purpose of application
of average. In such cases, the surveyor gives a
statement that no valuation of the insured is done and it
was deemed to be adequately covered.

g. Breach of warranty - The surveyor has to provide full
details of the breach of warranties, breach of conditions,
mis-description of the property etc, if any. If everything
is alright, the surveyor provides a statement that all
warranties and conditions are complied with by the
insured.

h. Recovery from third parties - If the loss could be
attributed to a third party, the surveyor should indicate
the possibilities of recovery from the third party under

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