What is the treatment of loss on fire, when 80% of total loss received as insurance claim?

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Simple underwriting:- Fire insurance policy with total sum insured US dollars ...
Posted by:
Mamoun elbaghir abdalla mhamad Eltayeb
28-February-2018

Insurance Inventory Control

Question added by Saji George , Finance Manager , MOUNT OF LIGHT MEDICAL COMPANY LTD
Date Posted: 2016/09/10

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1 Answers

Abdulhamid Ahmed Greynoon

by Abdulhamid Ahmed Greynoon , Warehouse Manager , Canadian Nexen Petroleum Yemen & PETRO MASILA

Any company must have a burden loss account and the report will give you an avidance for the insurance company re-cover cost.

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