ACCOUNT_FIRST_NAME ACCOUNT_LAST_NAME

ACCOUNT_JOB_COMPANY

Current Date: 25 November 2024

Dear Sirs/Madam,

POLICY NO NUMBER

When we received your letter we sent NAME to inspect and report on the damage caused by the fire. He has now submitted his report, which confirms your claim that the damage is extensive. He reports, however, that much of the stock damaged or destroyed was either obsolete or obsolescent.

We, therefore, regret that we cannot accept as a fair estimate of the loss the figure of AMOUNT mentioned in your letter - a figure which we understand is based on the actual cost of the goods.

Our own estimate of the stock damaged or destroyed, based on present market values, does not exceed SUM. We feel that this valuation is a very generous one, but are prepared to pay on the basis of it under the policy. Please let me know if you will accept this in full settlement of your claim for the value of the stock lost.

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