How to demonstrate first party losses in industrial property insurance

Monday, April 8, 2013 Veröffentlichungen

Article by Dr. Fabian Herdter in Versicherungspraxis 04/2013

After the occurrence of an insured event, policyholders in industrial property insurance often deploy own employees or use own resources in order to compensate their losses. Accordingly, they requests their insurers to compensate the costs arising from such activities.

The demonstration of the damage incurred, in this matter, becomes more difficult to establish than in circumstances where a third party removes the damage and issues an invoice. Fabian Herdter points to the most important requirements of such demonstration.


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