Frequently Asked Questions

Fire extra perils

• Q:How does Income assess my claim?

  A:

  We will review the claim submitted and decide whether it is necessary to appoint a loss adjuster who is an independent external party to assist us in the investigation and assessment of the claim.

• Q:If the structure of my building is affected as a result of a fire and I have to reinstate my building, what is the basis of settlement?

  A:

  Claims payout under the policy will be based on but not limited to the following factors.

  1. Basis of cover
  2. Proceeds from salvage sales
  3. Underinsurance

  Basis of cover

  Indemnity Basis: The claim amount is derived by taking into account depreciation or wear and tear.

  Replacement Value Basis: The claim amount payable is the replacement value of the same form without depreciation or wear and tear. In the event that there is any improvement or betterment to the original property, deductions shall be made on the replacement value to reflect such improvement or betterment.

  Proceeds from salvage sales

  Any proceeds received from a salvage sale will be deducted from the loss amount.

  Underinsurance

  In the event the sum insured is less than the value of the insured property at the time of loss, the claim amount payable will be reduced proportionately.

• Q:What is the deductible/excess under my Fire Insurance policy?

  A:

  Deductible/excess is the amount of the claim you have to bear for every claim you file. This amount is specified in your policy contract.

• Q:Who should I contact if I need the assistance of a loss adjuster after office hours?

  A:

  If you require the assistance of a loss adjuster after office hours, you may contact any of the loss adjuster listed below. Kindly ensure that you have a valid policy with Income & provide your policy number to the loss adjuster when you contact them on the matter.

  At the same time, please submit your claim to us by sending it to clineclaims@income.com.sg and inform us of the loss adjuster appointed. We will follow up with the appointed loss adjuster and you will be notified of the outcome of you claim after we receive the loss adjuster’s final report.

  A. FOR PROPERTY & LIABILITY CLAIMS

  NAME OF COMPANY	CONTACT PERSON
  FortisCor Adjusters Pte Ltd 3 Phillip Street #09-03 Royal Group Building Singapore 048693	Lim Jit Chik Mobile: +65 9112 6502  Office: +65 6304 8988  Email: jc.lim@fortiscor.com   Alan Ang Mobile: +65 9168 4483  Office: +65 6304 8988  Email: alan.ang@fortiscor.com
  Crawford & Company Int’l Pte Ltd 6 Shenton Way #19-10 OUE Downtown 2 Singapore 068809	Gary Ng Mobile: +65 8809 9498  Office: +65 6632 8600  Email: gary.ng@crawford.com.sg
  McLarens Singapore Pte Ltd 61 Robinson Road #09-01, 61 Robinson Singapore 068893	Amos Tan Mobile: +65 9695 1340 Office: +65 6224 9466 Email: amos.tan@mclarens.com Harold Seow Mobile: +65 9695 1335  Office: +65 6224 9466   Email: Harold.Seow@mclarens.com
  Charles Taylor Adjusting 63 Robinson Rd #15-01/02 Afro Asia Singapore 068894	Peter Goh Mobile: +65 9618 2307  Email: peter.goh@charlestaylor.com David Ng     Mobile: +65 9636 2826  Email: David.ng@charlestaylor.com

  B. FOR MARINE CLAIMS

  NAME OF COMPANY	CONTACT PERSON
  CL Claims Consultants Pte Ltd 100 Pasir Panjang #07-07 Singapore 118518	Christina Lau Mobile: 65 9018 3030 Office: +65 6223 6221 Email: chrislau@clclaims.com.sg Christie Koh Mobile: 65 9836 4182 Office: +65 6223 6221 Email: ckoh@clclaims.com.sg
  W E Cox Claims Group Pte Ltd 133 New Bridge Road #17-01/02 Chinatown Point Singapore 059413	Mr Paul Sansom Mobile: +65 9654 9387 psansom@w-e-cox.com.sg Mr Ben Goh Mobile: +65 9799 6883 bengoh@cwhji.com Ms Helen Cher Mobile: +65 9369 6338 hcher@w-e-cox.com.sg Mr Jerome Chong Mobile: +65 8909 8815 jchong@w-e-cox.com.sg

• Q:What should I do if a loss adjuster is appointed?

  A:

  You should provide full co-operation to the loss adjuster and submit all requested information / documents to the appointed loss adjuster. The loss adjuster will follow up with you on any further requirements.

• Q:What should I do if a loss adjuster is not appointed?

  A:

  You should, as far as possible, gather all facts and circumstances giving rise to the loss. These include details of any third party responsible for the damage to your property and photographs indicating the extent of the damage.

  You will need to submit all the relevant documents together with the claim form to us. We may follow up with you on further information/documents required.

Theft Money Fidelity

• Q:If I was going to the bank to deposit money and I was robbed on my way to the bank, can I make a claim for the loss of my money?

  A:

  Yes, you can claim for the loss of money occurring whilst in transit between your premises, clients’ premises and the bank.

• Q:If my stocks/contents are stolen from the shelves by walk-in customers, can I make a claim for the loss?

  A:

  No, you can only make a claim provided there was actual forcible and violent entry into your premise. This includes robbery, hold-up or any attempted thereat.

• Q:If my stocks or money was stolen by my employee, can I make a claim for my losses under the Fidelity Guarantee Insurance Policy?

  A:

  Yes, you may make a claim for this under the Fidelity Guarantee coverage.

• Q:I left my money on the shelf and left my office premises for a short while. When I returned, I discovered that there was a break-in and my money was missing. Can I make a claim for the loss under the Money section of the Business Insurance Policy?

  A:

  No, you can only make a claim provided your money was kept under lock and key at all times.

Public liability

• Q:If I or my employee cause damage to a third party’s property, should I compensate the third party for the damage?

  A:

  No, you should not negotiate, admit liability or offer to pay the third party, without the written consent from Income. You should submit to us immediately upon receipt any legal letter (letter of demand, writ of summons) and all correspondence from the third party indicating their intention to claim.

• Q:What if I have already compensated the third party without Income’s written consent? Can I still seek reimbursement for the compensation I pay out?

  A:

  In the event that you already have compensated the third party without Income’s written consent, you would have prejudiced our legal position. It is a breach of the policy condition and we may reject your claim.