October 2014 Intro Page

Dec Page

The article of the month in the Dec Page deals with general principles of reporting policies. The essential purpose of any reporting form is to allow an insured with property that fluctuates in value, or who has property at changing locations, to be fully protected at all times and to pay a premium based on the values actually at risk. This is based on the principle that the values are reported correctly and promptly and a sufficient limit of insurance is maintained to cover the highest value at any one time.