Page 292 - Misc Ebook IC 78

The Insurance Times

The inspection report covers the following
aspects:
(i) points of entry, exit and other openings present and

how are they safeguarded.
(ii) provision for armed guards, burglar alarms, and

collapsible gates.
(iii) description of the safe, its brand, size, make, etc.
(iv) the methods of maintaining account books and

improvement suggestions

Q6. Detail aspects like valuation and sum
insured, coverage, common exclusions,
special conditions under Cattle insurance.

Ans. Valuation - The market value of cattle varies from breed
to breed, area to area and from time to time. The sum
insured is based on market value as recommended by a
veterinarian.

Indemnity is based on sum insured or market value
whichever is less. In case of Scheme animals, the policy
is issued as agreed value policy and claims are settled
for 100% sum insured.

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