Page 355 - Fire Insurance Ebook IC 57
P. 355

The Insurance Times

              or obtain the details from the insured's auditors.
              If the insured will have to bear a proportion of
              the increased cost, this should be made known
              to him.

         (v) The surveyor pays periodical visit to the scene
              of the damage to ensure the that all possible steps
              are being taken towards speedy resumption of
              normal work. He keeps reporting his
              observations to the Company as and when
              necessary, in particular, on the adequacy or
              otherwise, of the estimated loss. He does not
              proceed to final adjustment until and unless the
              business ceases to be affected by the damage,
              lest the interruption extends beyond the
              maximum indemnity period.

         (vi) When the business resumes its normal course of
              action, the surveyor takes up the detailed
              examination of the accounts for preparing the final
              assessment. He needs the following information
              from the insured's accounts :

              (a) Turnover and Gross Profit from the final

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