Standard fire policy provides protection only against material loss i.e. loss/damage to properly insured. But fire causes more than material loss, which is loss of earnings, i.e., revenue/income during periods of interruption of business which necessarily follows damage by fire. Loss of profits insurance provides indemnity for such loss to make good net profit and standing charges.
Earthquake Claim Detail
- No. Of Claim Intimated : 887
- Amt. Of Estimated Claim: 1,457,600,000
- No. Of Paid Claim : 825
- Amt. Of Paid Claim : 991,870,000
- % Of Claim Settle : 93
- No. Of NOCLAIM : 275