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3. In response to the notice issued by this Commission, the opposite parties appeared through their counsel and filed written version admitting the fact of fire and coverage of the policy. They, however, stated that the quantum claimed by the complainant was not acceptable to them. The Insurance Company in their written version annexed the copy of the report submitted by the surveyor on 17.04.2007 wherein the surveyor had assessed the loss at Rs.3,42,9121/- towards damage to the stock and Rs.41,310/- towards damage to the building. After compulsory deduction, the net loss was calculated at Rs.3,64,222/-, which goes to show that the Insurance Company admits their liability to this extent only.