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How do you treat slavage goods in fire insurance claim?

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Question added by Akash Kumar
Date Posted: 2019/02/17
Mamoun elbaghir abdalla mhamad Eltayeb
by Mamoun elbaghir abdalla mhamad Eltayeb , Insurance agent / Producer , Albaraka Insurance Company

The insurance company treat and process total loss claim and slavage as hereunder:-

  A) either , take slavage for their own account and pay full amount of claim to the insured . This what happend mostly.

  B) or , deduct the value of the slavage from total amount of claim paid to the insured and leave him the slavage.

Thanks.

 

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