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Insurance claim received on machinery destroyed by fire is a_?

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Question added by prince yash
Date Posted: 2017/05/03
Deleted user
by Deleted user

Compensation-awarded to someone in recognition of loss

MOHITH V
by MOHITH V , RESIDENT MEDICAL OFFICER

INSURANCE CLAIM RECIEVED ON MACHINARY DESTROYED BY FIRE IS COMPENSATION

Shehanaz Ayisha
by Shehanaz Ayisha , medical coder , ALDOS

insurance claim recieved on machinery destroyed by fire is compensation

Mamoun elbaghir abdalla mhamad Eltayeb
by Mamoun elbaghir abdalla mhamad Eltayeb , Insurance agent / Producer , Albaraka Insurance Company

With reference to the insurance technical terminologies claim received on machinery destroyed by fire is a:-

Indemnity and /or compensation.

Best wishes

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