Page 212 - Misc Ebook IC 78

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is five whereas minimum number of sections to be
insured by tenant is four.

Discount for Sections: (i) For additional two
sections above minimum sections described in c&d
above - 10% discount on premium.
(ii) For additional 4 sections - 15% discount on premium.
(iii) For additional 7 sections - 20% discount on premium.

Renewal Discount: (i) First renewal: 5% (ii)
Second renewal: 10% (iii) Third renewal: 15% (iv)
Fourth renewal: 20% (max).

Q5. Describe the content of a pre-acceptance
inspection report in respect of a Burglary
policy.

Ans. Sometimes, for a Burglary Insurance, if the sum insured
is large, it becomes necessary for a risk inspection. The
purpose of such inspection is two folds. Firstly, it provides
the underwriter with an almost clear picture of the risk
that can be properly rated and special conditions imposed,
if required. Secondly, the report also highlights any

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