Adjusting Practices: Inland Marine and Transportation Insurance |
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Page 141
contractors are covered for certain amounts , usually 25 % of the overall , or blanket figure . The co - insurance clause applies overall , which means that it will be necessary to develop the exact amount at risk in each location and ...
contractors are covered for certain amounts , usually 25 % of the overall , or blanket figure . The co - insurance clause applies overall , which means that it will be necessary to develop the exact amount at risk in each location and ...
Page 142
3,000.00 Example B : Amount of loss Amount at risk excluding amount of loss ( 1 ) Material , trim and cutting charge ( 2 ) 50 % manufacturing labor incurred 4,500.00 1,500.00 Total amount at risk 9,000.00 6,000.00 Amount of insurance ...
3,000.00 Example B : Amount of loss Amount at risk excluding amount of loss ( 1 ) Material , trim and cutting charge ( 2 ) 50 % manufacturing labor incurred 4,500.00 1,500.00 Total amount at risk 9,000.00 6,000.00 Amount of insurance ...
Page 143
Loss Amount at risk Amount of direct loss covering loss of coats at coat contractor $ 1,500.00 $ 1,500.00 Amount of loss ... at trouser and vest contractor A and B. 810.00 * 1,230.00 Amounts at risk at all locations excluding direct and ...
Loss Amount at risk Amount of direct loss covering loss of coats at coat contractor $ 1,500.00 $ 1,500.00 Amount of loss ... at trouser and vest contractor A and B. 810.00 * 1,230.00 Amounts at risk at all locations excluding direct and ...
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accepted actual adjuster agent agreed agreement amount and/or apply assured assured's authority baggage bailee bill of lading carried carrier caused charges claim clause Commission common carrier consideration considered consignee contained contract court cover delivered delivery described determine effect endorsement event examination exceeding express extent fact fire Floater freight furrier garment give given indicated inland insurance company interest involved issued jewelry less liability limit loss or damage marine matter ment merchandise motor named nature necessary notice occurred operations otherwise owner packages paid particular parties person possible premium present protection question railroad reason receipt received reference respect result risks rules shipment shipper similar storage tariff theft thereof tion transit transportation truck underwriter unless usually writing