Page 373 - Motor Insurance Ebook IC 72

Guide for Motor Insurance

cover up to Rs. 2 lac

b), c) and d) payable under Section II of the policy
presuming the amount is awarded by the court or
compromised, f) and g) - The amount payable will be as
under:
Repairs Rs. 50000
Replacement of Parts Rs. 25000

Less: depreciation for the age of vehicle being between
3 to 4 years: 50% for rubber, Plastic Parts, and battery
and 25% for other parts replaced. If the damages include
tyres, lamps, mudguards, bonnet side parts, bumpers and
paintwork they are excluded under Endt. No. 26.

Less: Excess as per Endt. No 26 Rs. 1500
Less: salvage Rs. 3000
(ii) Presuming that the driver applied for HMV licence

- The vehicle in question is H.M.V. The driver is
holding LMV licence. Mere applying for HMV
licence does not entitle the person to drive Bus.
Hence unless there is a valid driving licence, insurers
are not liable.

Q 17. A goods carrying vehicle (general carriage) is
insured under Commercial Vehicle Package
Policy without extra benefit. It met with an

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