calculating the compensation
the car is required to be treated as constructive total loss.
19. The claimant has produced copy of policy at page ... depreciation as shown below is
applicable for the purpose of Total loss/constructive Total loss
(TL/CTL) claims only.
AGE OF VEHICLE % OF DEPRECIATION
complainant. After verifying all
the documents surveyor has considered the loss as constructive total
loss and held that the same is covered under the policy ... exceeds the Insured
Value, hence this loss can be considered as CONSTRUCTIVE TOTAL LOSS
(CTLO). In our opinion, salving of the barge then repairing
Intech Insurance Surveyors Pvt Ltd., dated 10.10.2013 estimating the loss at Rs.11,39,880/- and also gave its remarks that they physically verified ... depreciation as shown below is applicable for the purpose of Total Loss/Constructive Total Loss (TL/CTL) claims only. A vehicle will be considered
ship owners who were discharging cargo were Mersin, leading to total constructive loss. The
complainants were told to proceed prudent uninsured only on 07.08.1998
(despite ... 1998 being working days) after total constructive loss had
occurred.
35. The counsel for the
complainant has also referred to an authority of the Honble
depreciation as shown below is
applicable for the purpose of Total Loss/ Constructive Total Loss
(TL/ CTL) claims only.
A vehicle will be considered ... Indian Motor Tarriff, A vehicle will be considered to be
Constructive Total loss, where the aggregate cost of retrieval and/or
repair of the vehicle
inquiry is limited to the question whether the
contract was so constructed that loss was
inherent and implicit in it; if so, it ought
there was a total loss of a part of each
owner's cotton or whether there was a total loss of the
plaintiffs ... actual total loss of the
plaintiffs' consignment nor a constructive total loss of
these, that the principle of proportion applied in cases of
general
difference between marine insurance policies which extend
cover only against marine losses or maritime perils (as enumerated) and
marine `extra' insurance policies which extend cover ... this Court held that a claim
by way of constructive total loss on account of a ship being stranded on sea
on account
deaths and several personal injuries, severe property damage to both vessels and loss of and/or damage to cargo on both vessels. Immediately following the collision ... result of the collision, m.v. Ya Mawlaya became a constructive total loss. She was nonetheless taken in the shipyard at Malta where
relevant previous years was utilised in constructing the new dharamshala and the new dharamshala was constructed out of the accumulations of past income. This findings ... dharamshala was not debited in the profit and loss account. The expenditure incurred in constructing the new dharamshala, though undoubtedly expenditure for carrying
