What are the documents required for Insurance Claim?

The following documents are required at the time of claim.

(i) Policy or certificate of insurance.

(ii) Bill of lading. It determines the scope of the contract of carriage.

(iii) Invoice or bill stating terms and conditions of sale.

(iv) Copy of protest. In the event of stranding of or accident to the vessel, the master of the ship notes ‘protest’ before a counselor notary public. The protest states that everything was done to bring to safety the ship and cargo and loss or damage was not due to lack of diligence on the part of the master or crew.

(v) Certificate of Survey. This is necessary to find out whether the necessary franchise is reached or not in case of particular average.

(vi) Account sales or Bill of sale. Similar documents where goods have been sold. The difference between gross sound value and proceeds as per account sales might be accepted as amount of loss.

(vi) Letter of subrogation. It gives the underwriters to sue and recover compensation from third parties where the same is due.