Page 426 - Motor Insurance Ebook IC 72

The Insurance Times

Ex. No. 2

A Tata goods vehicle registered on 1-1-2010 is insured for
sum of Rs. 6 lacs under commercial vehicle package Policy
for a term of 1 year from 1-1-2011 to 31-12-2011. On 1-8-
2011 the IV met with an accident resulted into following
damages. Find-out amount to be indemnified to insured under
the subject policy endorsed with endorsement No.23 of IMT.

Damages :
Front RH tyre and tube burst
Front Bumper (Metal) was broken
RH head light assembly was broken.
Estimate of loss is furnished as follows:
Front tyre & tube For Rs. 10,000 + Repair charges for Rs. 500/-
Front Bumper for Rs. 1,000 + Repair charges for Rs. 150/-
RH head light Assembly for Rs. 1500 + Repair charges for Rs.200/-
Salvage out of damaged spares Rs. 250/-

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