We view that the prices are quite competitive compared to the general market rates and we
agree with the claimed prices accordingly.
The replacing the damaged pieces of furniture, the claim is based on the price list of the
manufacturer "S.B. Furniture", we therefore have no objection with the unit prices.
The quantity of each type of damaged furniture within the units is shown in the attached
spreadsheet and having reviewed the claim, we confirm that the quantity is in accordance
with the actual damage found during our survey and no deduction is applied.
We allow VAT, as the Insured cannot recover it.
The gross proposed adjustment for all property is THB 132,097.31.
The policy includes a Replacement Value clause and we do not apply any deduction for
depreciation on the basis that the conditions of the clause will be complied with.
The Sum Insured is treated as adequate.
Our net proposed adjustment is, therefore, THB 132,097.31 and we look forward to
receiving Insurers' instruction before proceeding further
We view that the prices are quite competitive compared to the general market rates and we
agree with the claimed prices accordingly.
The replacing the damaged pieces of furniture, the claim is based on the price list of the
manufacturer "S.B. Furniture", we therefore have no objection with the unit prices.
The quantity of each type of damaged furniture within the units is shown in the attached
spreadsheet and having reviewed the claim, we confirm that the quantity is in accordance
with the actual damage found during our survey and no deduction is applied.
We allow VAT, as the Insured cannot recover it.
The gross proposed adjustment for all property is THB 132,097.31.
The policy includes a Replacement Value clause and we do not apply any deduction for
depreciation on the basis that the conditions of the clause will be complied with.
The Sum Insured is treated as adequate.
Our net proposed adjustment is, therefore, THB 132,097.31 and we look forward to
receiving Insurers' instruction before proceeding further
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