I want to know the treatment of fire fighting expense in case of loss of profit policy claim computation..... Kindly post the answer
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Insurance claims - loss of profit policy
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Fire fighting expense should be added to total loss.
You may refer to :
You also do an alternative treatment of leaving out the firefighting expense. then actual loss shall be Rs 4,70,000
and claim would be Rs 3,50,000/ 5,00,000 *4,70,000
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