Insurance claim

IN CHAPTER INSURANCE CLAIM OF IPCC GROUP 1(STUDY MATERIAL) CAN THERE BE SAVINGS IN UNINSURED STANDING CHARGES.

IF YES WHAT WILL BE IT'S TREATMENT.
IF NO WHY ?

THANKS A LOT.

Replies (2)

Ignore it completely...It wont be taken for any calculation...as far as insurance co is concerned they only compensate to the extent of insured portion of items...So a company should only reduce the savings from insured standing charges from loss of profit to arrive at claim amount

THANKS A LOT AGAIN JAIRAM

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