29
Mar
There is always dispute whether the excess is applicable for the dwellings units under SF & SP Insurance policy and the clarification is as under:
If the dwelling unit is in the name of...
Blog
29
Mar
The Compact Policy is specially tailored for multiple risks cover under one policy to the benefit of specific industry i.e. Office/Hotel/Shops.
Fire, burglary, flood, earthquake for the building and contents, sudden breakdown of machinery or...
29
Mar
The Books of Accounts represent the historical cost of the assets i.e at the price these were purchased and with the passage of time, these assets depreciate in value but whereas the price of...
29
Mar
Building is a permanent structure and the cost of its basic components used therein, would remain fluctuating over the time on account of inflationary pressures in the economy and other interventions by the Governments...
29
Mar
Reinstatement Value and Market Value are the only two methods to settle the claims under fire insurance. Meaning of these two terminologies is totally different and thus its distinction needs to be well understood.
If...