Miscellaneous Insurance IC-78 Exam Study Notes

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  • To ensure prompt settlement of burglary insurance claims one need to give to the insurers an immediate written notice of the occurrence giving rise to a claim.
  • The liability for any claim is dependent upon the insureds compliance with policy conditions and warranties.
  • Loss/Damage discovered at the time of stock taking / checking is excluded under a burglary (business premises) insurance policy.
  • The policy does not pay more than the value of any particular part lost.
  • The description and value of the property stolen, details in respect of date and time of loss and details of other insurances are included in a burglary insurance claim form.

Miscellaneous insurance Exam

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