Page 140 - Misc Ebook IC 78

The Insurance Times

arrive at the amount of claim however, allowances has
to be made for depreciation, wear and tear. The total
value of the property at the time of loss is to be stated,
as it is necessary to the demand whether pro rata
average is applicable. The amount of fire insurance on
that property is to be stated additionally as an evidence
to the property value.

(ii) Details are required in respect of the date and time of
loss, when and by whom it was discovered, how the
entry to the premises was effected and which portion
of the premises was entered.

(iii) The description of the premises: this include the address
of the premises where the loss of occurred, whether
occupied or unoccupied at the time of loss.

(iv) Ownership: the insured is to state whether he is the sole
owner of the property lost or damaged and also whether
he is responsible for the repairs to the premises.

(v) Other insurances, if any.

(vi) Previous losses, if any.

(vii) Notice to the police: this relates to certification of loss
to the police, and reasons if not notified to the police.

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