wise deprecition as shown below is applicable for the
purpose of total loss/constructive total loss(TL/CTL)
claims only.
AGE OF THE % OF DEPRECIATION ... policy period without any further
depreciation for the purpose of total loss/constructive
total loss claims. The insured private car shall be treated
DL8CX-1487 is
Rs.11,40,000/- which amounts to Constructive Total Loss as it exceeds
the 75% of the insured declared value with consequential ... therefore, the damage cannot categorize as Constructive Total Loss. It
is asserted that the plaintiff has never been willing to get the vehicle
repaired
further admitted that in the event
of any loss, such as total loss/constructive total loss, the
financier has a lien over the claim amount
policy, the
insured vehicle shall be treated as a CTL (Constructive Total
Loss) if the aggregate cost of retrieval and / or repair cost ... meaning it cannot be restored to its pre-loss
condition. A constructive total loss, on the other hand, could be
shown by bringing on record
plaintiff indicates that the condition of the vehicle was constructive
total loss as it was costing more than twice the value ... without any further
depreciation for the purpose of total loss (TL)/constructive total loss
(CTL) claims.
11.16. Thus, the defendant is liable
depreciation for the purpose of Total
16/22
//17//
Loss (TL)/ Constructive Total Loss (CTL)
claims.
This para clearly shows that the IDV will ... policy period for the purposes
of total loss and for constructive total loss. As per the terms of
Exh.RW1/1 the market value
Plant at Kherwari in Gujarat to the
location where Pillars were being constructed. The truck
was carrying Aggregate (Rori/bajri). The load was
approximately ... vehicle was still not repaired as it was
irreparable being a total loss. The repair estimate was
obtained from VG Automobiles, authorized Dealer of
Eicher
defendant is under the obligation to indemnify the plaintiff for the losses
covered under the insurance policy issued by the defendant. He further
argued that ... further argued that the vehicle of the plaintiff
became a constructive total loss (CTL) and, therefore, the plaintiff was
entitled for the total
came in contact with plaintiff when defendant through
auction purchased under constructive total loss Honda Amaze on 21st October 2013
with registration no. DL4CNC8202
The Case Of The Prosecution In Brief Is ... vs . on 31 March, 2012
IN THE
