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Supriya (Querist)
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15 January 2015 What exactly is uninsured standing charges? In reference with fire insurance chapter, group 1 accounting, IPCC

Amol S Joglekar

Amol S Joglekar (Expert)
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15 January 2015 Basically the term "Standing Charges" is used to denote "Fixed Charges"

Now the charges i.e. expenses which are not covered in a particular insurance policy is called as Uninsured Standing Charges.

Normally the small and petty expenses are not covered in the insurance policy, however the purchase cost or consumption cost are duly covered.

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