Insurance Policy Extract - Mark IV Industrial Special Risks - Basis Of Settlement On Claim Preparation Costs
Item no. 2
The insurance under this item is to cover such reasonable professional fees as may be payable by the Insured, and such other reasonable expenses necessarily incurred by the Insured and not otherwise recoverable, for preparation of claims under the Insured's Material Damage and Consequential Loss insurance policies and the Insurer(s) shall indemnify the Insured for such reasonable fees and expenses.
Also see: -
Claim Preparation Costs - Property & Business Interruption - A Case Study
Insurance Policy
Country: - Australia
Policy Description: - Mark IV Industrial Special Risks Policy
Insurer: - Various
External Links
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