Page 41 - Insurance Surveyors Book Ebook IC S01

Survey And Loss Assessment IC-S01

INCREASED VALUE INSURANCE:

This Policy is issued for import cargo when CIF value at port of loading is less than

value at port of destination.

SALES TURNOVER POLICY:

Sales Turnover Policy is issued on actual Sales Turn Over of the client to cover their

raw materials, semifinished and finished products related to the particular trade

only. The Suminsured under the policy is based on average of three previous year's

Sales turnover(as per Balance sheet) or actual turnover achieved in

immediately preceding year or insured's estimate whichever is higher.

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