Fire and Consequential Loss Insurance - IC 57 Exam Study Notes

In reinstatement claims, specific confirmation as to verification of the physical reinstatement of the damaged property has to be given.
In business interruption claims the surveyor gets into the role of MD of insured and advises the insured as to how they can restart the operations quickly, as to how they can cut down the period of interruption and also reduce the shortage in output /turnover.
In simple and small losses, the surveyor would inspect the damaged property or its remains, determine the cause and extent of loss and submit his report.
In large complicated losses, the process of inspection will be elaborate and comprehensive. The first step is to take or recommend measures directed at minimisation of loss and protection of salvage.
A thorough examination at an early stage of undisturbed salvage may reveal the real, or indicate the most probable cause of fire.

Important Points for IC 57 - Fire and Consequential Loss Insurance Exam