Page 434 - Motor Insurance Ebook IC 72
P. 434
The Insurance Times Rs.
600
Less depreciation @ 50% on S.No.1 as the
same is made out of plastic
Less depreciation @50% on S.No.2 as the 600
same is made out of plastic
Less depreciation@15% on S.No.3 645 1,845
1,845 Rs.
Add Mechanical charges 4,855
Less Salvage value Rs. 500
Less Policy Excess Rs.
5,355
Rs.
50
Rs.
5,305
Rs. 50
Rs.
Rs. 5,255
Claim Payable : Rs. 5,255/- .
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