Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

How do you treat slavage goods in fire insurance claim?

user-image
Question added by Akash Kumar
Date Posted: 2019/02/17
Mamoun elbaghir abdalla mhamad Eltayeb
by Mamoun elbaghir abdalla mhamad Eltayeb , Insurance agent / Producer , Albaraka Insurance Company

The insurance company treat and process total loss claim and slavage as hereunder:-

  A) either , take slavage for their own account and pay full amount of claim to the insured . This what happend mostly.

  B) or , deduct the value of the slavage from total amount of claim paid to the insured and leave him the slavage.

Thanks.

 

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.