Page 350 - Fire Insurance Ebook IC 57

Fire and Consequential Loss Insurance

Additional Expenditure includes fitting of temporary
offices, increased rent, rates and taxes, lighting, heating,
removal costs and incidental expenses.

Legal, clerical & other charges is limited to charges
incurred in the replacement of deeds, documents,
manuscripts, plans, books of account, card indexes, etc.

Q10. List out the duties of the insured upon
happening of damage in consequential loss
insurance policies.
OR

Q11. Describe the claims process.

Ans. There are four sets of duties of the insured upon
happening of damage:
(i) Notice must be given to the insurance company. If
the damage is serious, the insurers may wish to
appoint surveyors to examine the steps taken to
minimize the loss, and speed.

Even if the damage appears to be minor, it is

important to advise the insurers to inspect the

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