# Statement of Claim **Cedar & Stone** 123 Industrial Area Delhi NCR

# Statement of Claim **Cedar & Stone** 123 Industrial Area Delhi NCR, India Phone: +91-XXXXXXXXXX Email: [email protected] **Date:** 22nd August 2024 **To:** SBI General Insurance Group 456 Insurance Lane Delhi NCR, India **Subject:** Statement of Claim for Fire Damage **Policy Number:** 123456789 **Claim Number:** 987654321 --- ## 1. Details of the Insured I hope this message finds you well. My name is Saksham Mehta, and I am the owner of Cedar & Stone. Here are the details for our company: - **Company Name:** Cedar & Stone - **Address:** 123 Industrial Area, Delhi NCR, India - **Contact Number:** +91-24214422 - **Email:** [email protected] --- ## 2. Incident Details I’m writing to inform you about an unfortunate incident that occurred on 10th August 2024. At around 8:00 PM, a fire broke out at our manufacturing unit in Delhi NCR. This was caused by a short circuit in some newly acquired machinery. --- ## 3. Description of Damage The fire spread quickly, leading to significant damage. Here’s a summary of what we lost: - **Total Closing Stock (before the fire):** Rs. 8,60,800 - **Salvage Stock (after the fire):** Rs. 55,000 - **Total Loss of Goods:** Rs. 8,05,800 This loss has been quite devastating for our operations, and we are eager to begin the recovery process. --- ## 4. Claim Calculation In terms of our insurance coverage, here’s how we’ve calculated the claim: - **Insured Amount:** Rs. 6,80,000 - **Insurable Amount:** Rs. 8,60,800 Using these figures, the amount we are claiming is calculated as follows: **Claim Amount** = (Loss of stock × Insured Amount / Insurable Amount) = Rs. 8,05,800 × Rs. 6,80,000 / Rs. 8,60,800 = Rs. 6,36,552 --- ## 5. Claim Procedure Steps Completed We’ve taken several steps to ensure everything is in order for this claim: 1. We’ve completed the estimation of our losses. 2. The insurance company has been notified about the incident. 3. We filed a c