This email serves to confirm coverage for the fire loss at the subject location.
• Subject to the policy terms and conditions, Bangkok Insurance Public Company Limited Policy No. 616-01551-20017, effective from Jan 1, 2016 to Jan 1, 2017, provides coverage for the fire loss at the subject location.
• The deductible applicable is THB 19,860 combined all coverages, per occurrence.
• The adjustment of physical loss to the property will be based on the actual expenditure incurred in repairing or replacing the damaged or destroyed property. If the damaged or destroyed property is not repaired or replaced, the adjustment of physical loss will be based on the actual cash value (ACV).
• Loss will be adjusted with and payable to Adidas (Thailand) Co., Ltd., or as may be directed by Adidas (Thailand) Co., Ltd.
To further the process, could you please provide us invoices for the repairs/replacement of the damaged property and details of the proceeds from the salvage, if any. We await your response on the same.
Should you have any queries, please feel free to contact us.