Posts Tagged ‘CLAIM SETTLEMENT CLAUSE’

Insurers shall under this section, subject to the terms and conditions of the Policy, indemnity the Insured on the basis of the full cost of repairing, reinstating, or replacing property lost or damage even though such costs may vary from the original construction costs excluding Value Added Tax (PPN) It is agreed that all money properly due in settlement of claim under this section ... Full story

Notwithstanding anything to the contrary herein: The insured shall, upon knowledge of any loss or losses which may give rise to a claim under this Policy, immediately advise the Insurer, in writing. The Insured shall furnish the Insurer all information available with respect to such loss or losses and the Insurer shall not ... Full story

It is hereby noted and agreed that valid claim (if any) under this policy shall be settled by the Insurers as soon as practicable but not later than 30 days from agreement between Insurer and Insured  after a written notification of such loss including supporting documents have been received by the Insurers Full story

Insurers shall under this section, subject to the terms and conditions of the Policy, indemnity the Insured on the basis of the full cost of repairing, reinstating, or replacing property lost or damage even though such costs may vary from the original construction costs excluding Value Added Tax (PPN) It is agreed that all money properly ... Full story