A guide to Indemnity and Reinstatement Value Conditions

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  1. https://mms.iisa.co.za/secure/events/rsvp/69/0/143
At claims stage disputes frequently arise between insurers and insureds regarding the measure of the indemnity to be paid. The calculation of the indemnity payment is often a difficult one. In property insurance, reinstatement value conditions encourage the insured to reinstate the property and provide the insured with the benefit of receiving the value of new property in place of old property. https://mms.iisa.co.za/secure/events/rsvp/69/0/143.