Page 443 - Motor Insurance Ebook IC 72
P. 443
Guide for Motor Insurance
Cost of New Car
Car : 11,30,000
Tubeless Tyres : 1,50,000
Head Lamps : 36,000
13,16,000
In the above case the
IDV shall be
13,16,000 x 20% = Rs. 2,63,200
Rs. 10,52,800
Rs. 13,16,000 - 2,63,200 =
b) In an accident to Pvt. car the following damages take
place..
Wind shield Glass broken. - New Cost 90,000/-
Damage to Fibre Glass bumper - ReplacementRs.24,000/-
Labour charges - Rs. 10,000/-
Date. of accident - 1-4-2008
Date. of purchase of vehicle - 1-4-2007
Calculate the claim payable.
Ans:
Wind shield Glass broken. - 90,000/-
Not Payable
Fibre Glass
30% Depreeciation
24,000 x 30% - Rs. 16,800/-
Labour charges - Rs. 10,000/-
Claim Rs. 26,800/-
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