total and/or constructive total loss only. It is the contention of the insurance company that total
loss and constructive loss are defined
under Sections ... question of law. The loss must be actual
and the actual loss must be a total loss.
An actual total loss does not depend
Surveyor is incorrect as the vehicle has suffered a total constructive loss.
Regarding issue of validity of the driving license, the insurance company has relied ... estimate and therefore we see it as a total constructive loss which the Insurance Company is liable to indemnify.
In view of the discussion above
Surveyor is incorrect as the vehicle has suffered a total constructive loss.
Regarding issue of validity of the driving license, the insurance company has relied ... estimate and therefore we see it as a total constructive loss which the Insurance Company is liable to indemnify.
In view of the discussion above
exceeded the insured sum of
Rs. 45 lacs. In case of constructive
loss the liability the O.P. was only to
the extent ... conclusive for the purpose of
determining whether there has been a constructive total loss.
30. Unvalued policy.-
An unvalued policy is a policy which does
extent of loss. The Insurance Company must give good reasons to the insured for depriving him of the amount of loss ascertained by the surveyor ... entitled for payment of Rs. 3, 40,000/- on a constructive loss, the Opposite Party submits that the loss was assessed on repair basis
surveyors decided to treat the damaged equipment as a "constructive total loss". After prolonged discussions between the appellant-company and the surveyors ... finally observe that the goods could be treated as 'constructive loss'. We, therefore, do not find that on the facts on record
vkSj ifjoknh }kjk izLrqr lkexzh ds vk/kkj ij Total Loss
(TL)/Constructive Total Loss (CTL) Claims ij nkok ns; gSA pwafd okgu
ekpZ ... policy
period without any further depreciation for the purpose of Total Loss
(TL/Constructive Total Loss (CTL) claims. The insured vehicle shall be
treated
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
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
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
