Posts Tagged ‘PROGRESS CLAIM PAYMENT CLAUSE’

PROGRESS CLAIM PAYMENT CLAUSE

Provided that liability has been admitted progress payment on account of any claim may be made to the Insured at intervals and for such amounts as may be agreed upon production of a report by the Loss Adjuster (if appointed) provided such payment (s) shall be deducted from the amount finally determined upon adjustment of the claim Full story

PROGRESS CLAIM PAYMENT CLAUSE

It is hereby agreed and declared that progress payment on account of any loss recoverable under this policy will be made to the Insured on production of an interim report by the loss adjuster (if appointed) or accountant, provided that such payments are deducted from the finally agreed claim settlement figures. Full story
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