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  • Marine Insurance Claim Procedure

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    llamhe
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    To file a marine insurance claim, the policyholder must notify the carrier of loss or damage within the time limit to preserve recovery rights. An appointed surveyor will then determine the nature, cause, and extent of loss to inform the insurer of the value. The claim procedure generally takes one to three weeks. Required documents include the original invoice, packing list, declaration of consignment, and damage certificate from the carrier. The farmer must also provide an area sown confirmation certificate if required.

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    To file a marine insurance claim, the policyholder must notify the carrier of loss or damage within the time limit to preserve recovery rights. An appointed surveyor will then determine the nature, cause, and extent of loss to inform the insurer of the value. The claim procedure generally takes one to three weeks. Required documents include the original invoice, packing list, declaration of consignment, and damage certificate from the carrier. The farmer must also provide an area sown confirmation certificate if required.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    1K views1 page

    Marine Insurance Claim Procedure

    Uploaded by

    llamhe
    To file a marine insurance claim, the policyholder must notify the carrier of loss or damage within the time limit to preserve recovery rights. An appointed surveyor will then determine the nature, cause, and extent of loss to inform the insurer of the value. The claim procedure generally takes one to three weeks. Required documents include the original invoice, packing list, declaration of consignment, and damage certificate from the carrier. The farmer must also provide an area sown confirmation certificate if required.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
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    Marine Insurance Claim Procedure:

    • In case of loss/damage in transit, a monetary claim should be lodged with the carrier within the time limit to protect
    recovery rights
    • Appointment of surveyor or claim representative in agreement with the insurer to determine the nature, cause and
    extent of loss/damage
    • The surveyor informs the insurer of the approximate value of loss incurred
    • The claim procedure takes from one to three weeks

    Documents Required for Marine Insurance Claim:

    1. Original Invoice & packing List - if forming part of Invoice


    2. Document of declaration of consignment
    3. Damage Certificate from the carrier

    The farmer must furnish area sown confirmation certificate, if required.

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