Page 70 - Fire Insurance Ebook IC 57

Fire and Consequential Loss Insurance

(iii) Under which, notice have been served upon the
insured prior to the happening of the destruction or
damage.

(iv) In respect of undamaged portion of the property
other than foundations of that portion of the
property destroyed or damaged.

(b) The additional cost that would be required to
make good the property damaged or destroyed
to a condition when the new had the necessity
to comply with any of the Regulations or Bye
Laws.

(c) The amount of any rate, tax, duty, development
or other charge or assessment arising out of the
capital appreciation which may be payable in
respect of the property or by the owner by reason
of compliance with any of the Regulations or
Bye-laws.

Q8. When are the declaration policies issued?
Discuss the tariff rules and advantages of
declaration policy.

Ans. Declaration policy is issued to stocks which are subject

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