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

- Newsfeed
- Find People
- More
- - Products By Bayt.com
    
    Bayt.com
    
    Shagheel
    
    Specialities
    
    Learning
    
    Companies
    
    Salaries
    
    People
    
    Blog
    
    Podcasts
- - العربية
- Use Our Mobile App
  
  Get contacted by recruiters directly with our newest chat feature!
  
  Download Now

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Next Question:
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

Upvote (1) Views (4) Followers (2) Answers (1) Report Question

Write an Answer
Register now or log in to answer.

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.

Upvote (0)

Downvote Reply () Report

Popular Searches

Engineers Jobs Sales Executive Jobs Accountant Jobs Software Engineer Jobs Engineering Technicians Jobs

Write Your Answer

More Questions Like This

An insurance company arrange Excess of loss reinsurance treaty three layers as follows :- insurance company's priority ( retention ) = 500,000?
Top Answer: Total treaty capacity = 5, 000 , 000. Total amount of claim under excess loss treaty = 5 , 000 , 000 ce ... See More

Answers (2)
An insurance company arrange a Quota share treaty with total capacity 10,000,000 ( ten million ) of which 30% (thirty percent) retention,70% (seventy?
Top Answer: Insurance company retention =3,, Quota share treaty reinsurer's share =7,, ... See More

Answers (1)
Jv asper ifrs for below trnsc? Receivables 220k, took full bad debts provision for 220k ,then customer agreed to pay only 100k but as final settle.
Top Answer: 1)- Following is going on the assumption that you have not written off your receivables and have just r ... See More

Answers (2)
Value of a house is one lakh. The insured takes fire policy with two insurers one lakh each. How much is total claim payable by insurers together?
Top Answer: <p>As insurance aims to cover losses and not to make it profitable to policyholders to make a profi ... See More

Answers (2)