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In this question what would we do for fire fighting expenses if it wasn't admitted by insurance company. Can we claim such expenses as loss for computing claims?

R M

ACCA Professional

★ 4K+

31-Oct-22 19:41

545

Answers (6)

Yeah...you should add it to loss of stock and claim for it . Any expenses incurred for preventing the fire can be claimed

Shankari C

CA Inter

★ 12K+

31-Oct-22 20:08

Shankari C

Yeah...you should add it to loss of stock and claim for it . Any expenses incurred for preventing the fire can be claimed

Even if it wasnt admitted by insurance company

Thread Starter

R M

ACCA Professional

★ 4K+

31-Oct-22 20:09

If not admitted , you cannot show as loss .

Shankari C

CA Inter

★ 12K+

31-Oct-22 20:09

Shankari C

If not admitted , you cannot show as loss .

Okay Thankyou :)

Thread Starter

R M

ACCA Professional

★ 4K+

31-Oct-22 20:09

First fighting expenses Normally allowed

Anand Sankaran

CA Inter

★ 3K+

31-Oct-22 20:11

Anand Sankaran

First fighting expenses Normally allowed

Unless it is admitted by the company

Anand Sankaran

CA Inter

★ 3K+

31-Oct-22 20:12