General Insurance. The Great Fire of London. . Sunday, 2 nd Sept. to Wednesday, 5 th Sept 1666. gutted the medieval City of London inside the old Roman City Wall . Destroyed the homes of 70,000 out of 80,000 of the city’s inhabitants . Consumed 13,200 houses, 87 churches,
Sunday, 2nd Sept. to Wednesday, 5th Sept 1666
gutted the medieval City of London inside the old Roman City Wall
Destroyed the homes of 70,000 out of 80,000 of the city’s inhabitants
most of the City authority buildings
Express conditions are described in the policy.
Rate calculation is made in following manner;
Followings are to be considered on fixation of premium
1. Voyage Policy
2. Time Policy
3. Mixed Policies
4. Valued Policies
5. Unvalued policy
6. PPI Policies
7. Floating Policy
8. Block Policy
Total Loss: implies that the subject matter insured is fully destroyed and is totally lost to its owner.
a) The owner of the ship.
b) The owner of the cargo.
c) A creditor who has the security of the ship or cargo.
d) The master and crew of the ship have insurable interest in respect of their wages.
e) In case of advance freight, the person advancing the freight has an insurable interest if such freight is not repayable in case of loss.
Conditions are inserted into policy in the form of clauses:
Covers the following :
confiscation of property
All resulting in…..
Weakness in economy of Buyer's country, viz. low reserves, BOP problems
Failure of Buyer's Bank affecting payment of outstandings
Exchange or trade controls introduced in Buyer's country
…arising from all/any of the above
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Short Term Cover: Payment within 180 days
Health Insurance Plans
Community Based / Micro Insurance
offered by Commercial Organization
managed by Community / Groups
The Individual Medishield Policy covers
What is covered
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The Liability Policies cover Insured’s legal liability to pay compensation to third parties for
COMPULSORY PUBLIC LIABILITY:
supplied or serviced by the insured.
Policies shall cover all sums which the insured shall become legally liable to pay as damages in consequence of