Page 429 - Motor Insurance Ebook IC 72

Guide for Motor Insurance

Solution:

ASSESSMENT OF LOSS Nature of Amount claimed and
1) Spares Damage assessed for Rs.
S. Description with depreciation
No. Nil 50%
--- 4,500
1. Cost of replacement Broken
of front bumper 7,500 ---
Severely
2. Cost of replacement pressed 2,600 ---
of RH front door Broken

3. Cost of front w/s 10,100 4,500
Glass Nil 2,250
Less depreciation @
NIL and 50%
respectively

10,100 2,250
12,350
Total Assessment of
spares after depreciation 250
Less Salvage
12,100
Add. Labour charges 600

Less Excess 12,700
500

12,200

Claim Payable : Rs. 12,200/-.

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