Please enable JavaScript.
Coggle requires JavaScript to display documents.
FIRE POLICY (EXCLUDED PERIL (Animal in the building, Glass, Money,…
FIRE POLICY
-
-
-
-
-
INSURED PERIL: It is a source of damage/ loss which covered by insurance policy. For example, building
-
-
PROXIMATE CAUSE: Key principle of insurance and is concerned with loss/ damage actually occur and whether it is indeed as a result of insured peril
CONDITION: (+ve)
- Period of fire insurance
- Deliberate act
- Offer & Acceptance
- Payment of premium
- Utmost good faith
- Contract of indemnity
- Insurable interest
- Claim
- Contribution
-
EXTENSION: Need to cater for both existing element of property that's being extended and all new extension works that go into the process