Page 63 - Fire Insurance Ebook IC 57

The Insurance Times

Q4. What are the provisions regarding coverage
of impact damage due to insured's own
vehicles.

Ans In consideration of additional premium, this extension
covers loss or damage by direct impact to insured's
property caused by insured's own vehicle or articles
dropped from them.

Q 5. Write short notes on:

1. Architects fees - The fire policy provides up to 3% of
the claim amount for Architect's fees. On payment of
additional premium, the expenses for Architects,
Surveyors and Consulting Engineers' fees , in excess of
3% of the claim amount can be included to cover. The
rate applicable is the same as the Fire Policy.

2. Debris removal - The fire policy provides up to 1% of
the claim amount for Debris removal. On payment of
additional premium, the expenses for removal and
clearance of debris after a loss/ damage in excess of
1% of the claim amount can be included to cover. The
rate applicable is the same as the Fire Policy.

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