Page 185 - Motor Insurance Ebook IC 72

Guide for Motor Insurance

under the standard policies for replacement of parts
damaged in an accident covered under the policy is
being waived under this add-on.

The cover is however conditional to the age of
vehicle being below 3 years and not more than two
OD claims have been lodged during the policy
period. The repair of the vehicle to be done at the
insurers approved repairer.

2. Return to Invoice: In the event of the insured
vehicle being a TL/CTL the insurer will pay the
difference between the claim admissible and the
sale invoice price of the vehicle or new replacement
value of same make and model value, whichever is
less. The policy will pay in addition the first
registration fees and road tax incurred on the insured
vehicle.

The policy will pay in addition the first registration
fee and road tax incurred on the insured vehicle.
The policy will not pay if the TL/CTL or theft claim
is not admissible.

3. No Claim Bonus Protection: The NCB earned on
the vehicle is 25% or more and no claims in the
previous 2 years or a brand new vehicle entitled to

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