Page 29 - Fire Insurance Ebook IC 57
P. 29

The Insurance Times

              open for an indefinite period. In the absence
              of this condition the insured could have
              reopened his claim after a long time ,when the
              insurer may have lost all the evidence which
              led to its original rejection.

(7) This is known as the right of entry condition.
         This condition gives the company right to enter the
         premises where loss has occurred , take possession
         of the property and deal with it or sell such property.
         The condition further provides that
         (a) exercise of these rights does not mean admission of
              loss liability
         (b) forfeiture of the benefit under the policy in case of
              non cooperation of the insured.
         (c) the insured has no right to abandon the property
              whether taken possession by the insurer or not.
              This condition confers certain rights on the insures
              to ascertain the cause and extent of loss/damage
              to minimize the damage and to protect the salvage.
              The rights conferred by the condition are
              exercisable by the insurer at any time until notice

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