Insurance 101 – Chapter 4 – Volume 27 – More on Inventory Shortage Claims

More on Inventory Shortage Claims

In cases of unexplained loss or mysterious disappearance, the burden is on the insured to identify the number of occurrences and the amount of loss per occurrence found no support in the precedents. The Supreme Court, Appellate Division found that were such an argument accepted, it would render coverage for such risks as unexplained loss, mysterious disappearance, or inventory shortage for the most part illusory.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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