cost of the vehicle, it was to be declared as total constructive loss. On 12.06.2020, the vehicle in question met with an accident, information whereof ... surveyor has come to the conclusion that it was a total loss [TL/constructive Total Loss (CTL)] case because the expenditure of repairs, if carried
amount of the loss or damage and the liability of the Company shall not exceed:-
For total loss/constructive total loss of the vehicle ... less the value of the wreck.
For partial losses, i.e. losses other than Total Loss/Constructive Total Loss of the vehicle actual and reasonable
depreciation as shown below is
applicable for the purpose of Total Loss/Constructive Total Loss
(TL/CTL) claims only:
First Appeal ... Total Loss/Constructive
Total Loss cases.
19. In the present case, the vehicle in dispute has not suffered
total loss/constructive total loss
amount of the loss or damage and the liability of the Company shall
not exceed:
(a) for total loss/constructive total loss of the vehicle ... wreck.
(b) for partial lossess, i.e. losses other than Total Loss/Constructive
Total Loss of the vehicle - actual and reasonable costs of repair
amount of the loss or
damage and the liability of the company shall not exceed: (a) for
total loss/ constructive total loss of the vehicle ... value of the wreck. (b) for
partial losses, i.e. losses other than total loss/constructive total
loss of the vehicle - actual and reasonable costs
policy period without any further deprecation for the purpose of Total Loss (TL)/Constructive Total Loss (CTL) claims and that the insured vehicle shall ... cash the amount which shall not exceed the IDV for total loss/constructive total loss of the vehicle. Thus, in our considered opinion, since
that the car was
used for commercial purpose.
9. To calculate the loss to the complainant, the complainant is entitled
to have the prevailing value ... depreciation as shown below is applicable for
the purpose of Total Loss/ Constructive Total Loss (TL/ CTL) claims only. A
vehicle will be considered
insurance of the Insured Vehicle which is subject to the
Total Loss. This payment of Insurance Cost will be
made after deducting the pro-rata ... amount of the loss or damage and the
liability of the Company shall not exceed:
a) For total loss/constructive total loss of the vehicle
PERCENT OF THE IDV THEREFORE THIS IS A CASE OF CONSTRUCTIVE TOTAL LOSS SUBJECT TO ADMISSIBILITY OF THE CLAIM BY THE INSURER ON THE BASIS
loss suffered due to an alleged fire accident at the insured premises on 29.10.2012. Mr.J.Kothandaraman, Surveyor and Loss Assessor, appointed to survey ... insured building was a semi-constructed building and, after so finding, he assessed the damage and quantified the loss at Rs.79,147/-. The Surveyor
