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In case of unforeseen loss to properties, claimant will not get the amount claimed or incurred. Why?

General Insurance
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Question added by mukkur srinivasan varadhan , Chartered Accountant , Chartered Accountant in practice
Date Posted: 2013/11/20
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Mamoun elbaghir abdalla mhamad Eltayeb
by Mamoun elbaghir abdalla mhamad Eltayeb , Insurance agent / Producer , Albaraka Insurance Company

Because as usual insurance practice all insurance claims are more or less subject to deductions such as excess and depreciation depending on policy conditions or wording .

Thanking you

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