Page 101 - Insurance Surveyors Book Ebook IC S01

Survey And Loss Assessment IC-S01

The survey reports for the assessed losses in other class of insurance policies, are

invariably prepared in narrative format (as devised by the individual surveyors),

but by and large must contain the following inputs:

a) Instructions,

b) Policy particulars,

c) Particulars of the insured, a brief overview of business / operational activities

b) Details of the subject-matter of risk,

c) Insurable interest

f) Details of the occurrence as reported and as investigated,

g) Proximate cause of loss / damage, (with details of investigation)

h) Physical, visual observation details or loss / damage. Extent of damage,

i) Loss assessment details,

j) Loss adjustment details,

k) Comment on insurer's liability, breach of warranties

1) Comment on any other conditions of the policy, like Agreed Bank clause, co

insurance etc.

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