Page 297 - Fire Insurance Ebook IC 57

The Insurance Times

On the happening of any Damage which may give rise to a claim
the insured shall;
a. give notice forthwith.

b. take measures to avoid or minimise loss (This is known as 'due
diligence' and is relevant to increased cost of working which is
payable under the policy).

c. not later than thirty days after the expiry of the period of indemnity
(or any extension of time allowed by the Company) deliver at his
expense written statement of the claim with details of other
insurances, if any, documentary evidence such as business books,
vouchers, invoices balance sheets etc. to

d. furnish at his expense documentary evidence such as business
books, vouchers, invoices, balance sheets etc. to enable to
investigate or verify the inves claim.
No claim is payable or any 'on-account' payment shall be repaid
to the Company, if the terms of this condition are not complied
with. (Condition 3)

The company shall not be liable for any claim after the
expiration of

a. One year from the end of the period of indemnity, or if later,

b. Three months from the date on which payments shall have been
made or liability admitted under the material damage policy,
unless the claim is the subject of pending action or arbitration
(Condition 4).

Condition 5 provides that the policy and the schedule shall be
read together as one contract and Condition 6 excludes war and
kindred perils.

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