LABOUR PLATE GLASS
Surinder Mohan Verma
PLEASE CONFIRM WHETHER LABOUR/FIXING GLASS ARE PAYABLE OR NOT UNDER GLASS PLATE INSURANCE
SURRINDER MOHAN VERMA
ABOHAR 094170 79248
NASEER AHMAD BHAT
also payable.
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Naseer Ahmad Bhat
Surveyor/Loss Adjuster
91-9906442121
Sandeep Mashru
Dear Mr. Verma,
Labour Charges are indeed payable under policy.
Only thing is that you have to check the adequacy of sum insured considering that rate.
Regards.
Sandeep H. Mashru
Piyush Siinghal
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B/Rgds
Piyush Singhal
0-9811047785
psingh...@yahoo.com
www.salvagemanagers.com
yogesh patil
| As per my Opinion Labour Charges upto 15% of Glass costs are payable because Plate Glasses are supposed to be Fixed .I had allowed in 3,4 cases & Insurers are also agreed with it & they have settled the claim. YOGESH PATIL --- On Wed, 20/1/10, Piyush Siinghal <psingh...@gmail.com> wrote: |
The INTERNET now has a personality. YOURS! See your Yahoo! Homepage.
chandra dasaraju
If the underwriting was done only for cost of glass, and does not
include cost of fixing and transport, then it would be prudent to
allow only cost of glass. The meaning of indemnity is clear, the
installation and transport also becomes payable only if such
incidentals were included in the sum insured.
Thanks & Regards,
dcs raju, hyderabad.
+91-99490-95995.
On Jan 21, 12:41 pm, yogesh patil <yogeshpatil1...@yahoo.co.in> wrote:
Rajesh Mer
Dear Friends
If the Labour is high than the cost of plate glass then
I have one claim in which the cost of plate glass is 1 lac and labour for fixing is 2.5 lac, pl give your comments
Thanks & Regards Rajesh Kumar Mer R K Mer & Associates WZ-177, Ground Floor, Lajwanti Garden, New Delhi - 110 046 Phone: 011 - 2852 4732 Fax : 011 - 2852 3822 Mobile: 0 98111 67552 E-mail: rk_...@yahoo.com Alterenate: rk...@rediffmail.com Branches: Chandigarh, Jaipur, Agra, Dehradun & Meerut --- On Wed, 20/1/10, Sandeep Mashru <smash...@sancharnet.in> wrote: |
|
|
|
Rajan Nagane
The numbers are daunting I agree. But if the Policy covers the loss &
if the numbers are justifiable the surveyors need not worry. The
charges that are necessary to put the Insured asset in to per-accident
condition or to indemnify the loss shall be considered.
On Jan 21, 9:42 am, Rajesh Mer <rk_...@yahoo.com> wrote:
> Dear Friends
>
> If the Labour is high than the cost of plate glass then
>
> I have one claim in which the cost of plate glass is 1 lac and labour for fixing is 2.5 lac, pl give your comments
>
> Thanks & Regards
>
> Rajesh Kumar Mer
> R K Mer & Associates
> WZ-177, Ground Floor,
> Lajwanti Garden,
> New Delhi - 110 046
> Phone: 011 - 2852 4732
> Fax : 011 - 2852 3822
> Mobile: 0 98111 67552
> E-mail: rk_...@yahoo.com
> Alterenate: rk...@rediffmail.com
> Branches: Chandigarh, Jaipur, Agra, Dehradun & Meerut
>
> --- On Wed, 20/1/10, Sandeep Mashru <smashru_...@sancharnet.in> wrote:
>
> From: Sandeep Mashru <smashru_...@sancharnet.in>
> Subject: RE: {Surveyors:3729} LABOUR PLATE GLASS
> To: insurance...@googlegroups.com
> Date: Wednesday, 20 January, 2010, 10:59 AM
>
> Dear Mr. Verma,
> Labour Charges are indeed payable under policy.
> Only thing is that you have to check the adequacy of sum insured considering that rate.
> Regards.
>
>
> Sandeep H. Mashru
>
>
> From: insurance...@googlegroups.com [mailto: insurance...@googlegroups.com ] On Behalf Of Surinder Mohan Verma
> Sent: Wednesday, January 20, 2010 9:04 AM
> To: SURVEYORS INSURANCE
> Subject: {Surveyors:3720} LABOUR PLATE GLASS
>
> DEAR FRIENDS,
>
> PLEASE CONFIRM WHETHER LABOUR/FIXING GLASS ARE PAYABLE OR NOT UNDER GLASS PLATE INSURANCE
>
> SURRINDER MOHAN VERMA
> ABOHAR 094170 79248
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> You received this message because you are subscribed to the Google Groups "Insurance surveyors" group.
> To post to this group, send email to insurance...@googlegroups.com.
> To unsubscribe from this group, send email to insurance_surve...@googlegroups.com.
> For more options, visit this group athttp://groups.google.com/group/insurance_surveyors?hl=en.
>
> The INTERNET now has a personality. YOURS! See your Yahoo! Homepage.http://in.yahoo.com/
PARMOD MITTAL
If labour charges are high then Sum Insured must be high and if not Average Clause will take care of it.
Parmod Mittal
Mittal Surveyors Pvt. Ltd.
Mittal Street
Amrik Singh Road
Bathinda (Punjab) -151005
ms...@hotmail.com
(M) 098140-35030
(O) 0164-2250590
Date: Thu, 21 Jan 2010 10:12:39 +0530
From: rk_...@yahoo.com
Subject: RE: {Surveyors:3749} LABOUR PLATE GLASS
Sampath
Your question was on whether labour / fixing of glass are
indemnifiable under Plate glass insurance. As all of us know,
Insurers cover plate glasses under different policies : Fire,
Package, Plate glass insurance et. al..
In specific PG policies the indemnity is stated to be the intrinsic
value of the glass. Intrinsic value is a Finance World term and
relates to stocks - there it connotes the actual value of a security,
as opposed to its market price or book value. Perhaps the intention
in insurance in relation to Goods / property being the subject matter
insured could be that we are talking of its physical value and not any
sentimental value that could be attached to it. Perhaps there is
attempt to define the value of the product irrespective of the
holder’s perception, which could be more relevant in case of curios
and other items of art. When it is the value of the glass that is
covered, there exists indemnity only for the value of the property and
therefore the additional expenditures necessarily involved like
labour, fitting of the glass etc., are outside the purview. Again
when we talk of value, if we are talking about the price, then it
would represent the purchase price and the costs of transportation and
handling would go outside the purview.
But it defies logic. The sum insured must represent the ‘value upon
arrival’ i.e., the landed cost at the insured place and thus should
include – the cost, transportation and handling. The costs of fixing
etc., are to be included additionally just as the costs of
foundation / earthwork are covered in MB insurance. In sum and
substance, indemnity would follow the components included in the sum
insured and if they are sought to be covered, they would also be
reimbursed in the claims.
Needless to add that uniform basis is to be adopted for indemnity and
valuation for adequacy of insurance. Incidentally, the policy
specifies payment of an additional amount not exceeding 5% of
admissible claim towards boarding charges of the damaged area. What
is the forum’s perception of this boarding charges.
I have my theory and will share if somebody is interested.
Regards – S Sampathkumar.
On Jan 20, 8:33 am, Surinder Mohan Verma <verma_abo...@hotmail.com>
wrote: