Insureds Declared Value (IDV), the vehicle will be
considered to be constructive total loss, where the aggregate cost of retrieval
and/or repair ... depreciation as shown below is
applicable for the purpose of Total Loss/Constructive Total Loss (TL/CTL)
claims only. A vehicle will be considered
gave the report Ex.R-6 and calculated the
amount of total loss as Rs.22,75,900/-, but later on after making various
deductions ... 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 Company
admitting the incident of capsizing the barge observing total constructive loss
of the barge for `49,50,000/-. Surveyor also estimated scrap value
Cbi Vs. E Krishnamurthy & Ors vs . on 6 June, 2014
IN THE COURT OF
terms of the Insurance policy. The total constructive loss is defined as the aggregate cost of removal and/or repair of
the vehicle subject ... surveyor
in total is that loss could not be considered under constructive total loss and
the loss to be assessed on repair basis
Policy
period, without any further depreciation, for the purpose of Total
Loss(TL)/Constructive Total Loss(CTL) claims. When the final estimate on
repair basis ... vehicle would be considered to be a case of CTL
(Constructive Total Loss), where the aggregate cost of retrieval and/or repair,
subject
treated as constructive total loss if the loss exceeds 75% of the IDV. The Surveyor deputed by the company had not agreed for repairs ... loss if the loss exceeds 75% of the IDV. He pointed out that the IDV for the private car package policy shows if the loss
1162/Hyd/2011 & Anr.
M/s. J.B. Constructions & Projects.
==========================
piece of land in a wholesome manner and not in piecemeal ... 1162/Hyd/2011 & Anr.
M/s. J.B. Constructions & Projects.
==========================
Loss A/c. This amount is transferred from land opening
balance account which
vehicle. The loss or damage to a vehicle can be assessed on repair basis, on total loss basis or on salvage loss basis ... damage to a vehicle is treated on constructive total loss basis if the aggregate cost of repair of the vehicle exceeds 75% of the insured
part thereof upon any
damage, loss breakage being noticed or
reported or occurring.
(c) Construct and at all times maintain
the Bus Shelter
