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Why Life insurance contract is not a contract of indemnity?
is fire insurance or medi claim (health ins) or motor insurance or life insurance which of them is a contract of indemnity
How to settle insurance claim caused by fire in respect of goods held in trust by a godown keeper?
fIRST THE GODOWN KEEPER HAS TO DISCHARGE HIS LIABILITY AS BAILEE THEN THE INSURANCE CLAIM CAN BE PAID
What is the importance of insurance in business world?
So if anything were to happen to your business e.g a fire then you can use the insurance claim to fix it
What is the accounting treatment for insurance claim for goods lost by fire?
Treatment of goods lost by fire etc. and insurance claim thereof :--Goods worth Rs. 10,000 lost by fire. Insurance claim is yet to be received for Rs. 6000.In this circumstance, goods worth Rs.10,000 (which is lost by fire) is to be credited in trading account separately ( not to be clubbed with closing stock).Then since Rs.6000/- is to be received by insurance claim. (so we are not received ,we have to receive)so this should be posted at asset side of the balance sheetRs.4000/- to be debited in profit loss account.(Because its a loss)
How do you fill out insurance claim after house fire?
All you need to do is call your Insurance Company and ask for the claims department. You can report your loss by phone.
What is the journal entry of goods destroyed by fire rupees 12000 insurance company admitted the claim rupees 10000?
Dr Cr By: Loss by fire A/c 2000 By: Insurance Co A/c 10000 To: Goods destroyed by fir A/c 12000
How often does someone make a claim on their auto insurance?
The obvious answer is after an accident, theft or fire. http://activeinsurancecompany.co.uk/
If you sell your fire damaged home prior to the payment of the insurance claim are you still entitled to the insurance money?
Or nothing at all. You owned the house at the time of the fire. It was YOUR property that was damaged, and you owned fire insurance to cover yourself against a loss from fire. When you sold your fire-damaged home, you took a hit on the sale price: you didn't get as much as you would have had the house been perfect. You are entitled to whatever the claim adjuster estimated the cost of the repair would be.
Does a neighbors insurance have to pay you for fire damage to your property caused by your neighbor?
Yes, in most cases your neighbor's insurance may be responsible for paying for fire damage to your property caused by your neighbor's negligence. You would typically need to file a claim with your neighbor's insurance company to seek compensation for the damages.
What is statute of limitation to file fire loss claim for business building in Arkansas?
That will be based on the insurance policy. They typically specify the time frames in which a claim must be filed.
What is the time limit a insurance company to pay out a auto fire claim?
I think you have two years to collect if you were cheated, but they have to pay immediately if you file the claim, and your policy covers it.
What insurance companies offer fire and water damage restoration?
Most insurance companies offer fire and water damage in their policy. It's best to speak to a restoration company to get a quote to provide to your insurance company, and then use the money from the claim to hire your own restorator.
