Page 352 - Fire Insurance Ebook IC 57

Fire and Consequential Loss Insurance

intervened to affect the results of the business.

The expenses of preparing the claim, extracting
particulars from his books and producing evidence
in support of it falls upon the insured. As mentioned
earlier he Insured can however insure the
Auditor's fees for producing and certifying any
particulars or details contained in the Insured's
books and records as may be required by the
Insurers.

(iv) Payments on account already made has to be repaid
in the event of non-compliance with any of the
requirements of the condition. When income is
reduced, there may be heavy standing charges which
can only be met by making advance payments in
anticipation of the final loss settlement.

Although this is helpful for the insured, it becomes a
problem if somehow, the claim payable becomes
less than the amount paid already.

Q 11. Discuss the role of surveyor in assessment of

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