Annexure C-2), valid from 28.02.2015 to 27.02.2016 for an Insured Declared Value (IDV) of Rs.22,68,000/-. On 23.08.2015 at about ... insured vehicle, in question, was to be treated as a constructive total loss and Opposite Parties are liable to pay the Insured Declared Value
complainant had insured the subject vehicle with the insurance co. for the period from 04.06.2016 to 03.06.2017 for an insured declared value ... that the vehicle was a total loss and asked for the insured declared value i.e. Rs. 22,20,625/- to be settled. The insurance
came to the conclusion that since the vehicle was insured for the
Insured Declared Value, to the tune of Rs.2,88,000/-, the liability ... liability of the insurer was to the tune of Rs.2,88,000/- i.e.
the Insured Declared Value. He further submitted that, as such
same insured, from them,
valid for the period from, 28.08.2012 to 27.08.2013, for Insured Declared Value
(IDV) of Rs.9,00,000/-, on payment ... insured by the complainant, from the
Opposite Parties, valid for the period from, 28.08.2012 to 27.08.2013, for
Insured Declared Value
time of issuance of insurance policy, the insured declared value was mentioned as Rs.10,20,000/-. The said car was stolen. Police report ... State Commission held that petitioners are liable to pay the total insured declared value and their plea that vehicle was purchased only
directing the Revision-Petitioners to pay the entire amount of the Insured Declared Value (IDV) to the tune of Rs.7,18,411/-, without making ... terms, directed the Revision-Petitioners/Opposite Parties, to pay the Insured Declared Value of the vehicle, after deducting the depreciation value. He further submitted that
respondent/complainant on non-standard basis of Insured Declared
Value of the vehicle.
// 10 //
17. Document A/2 is the copy of insurance policy ... insurance
policy, the insured declared value of the vehicle is mentioned as
Rs.10,50,000/-. In the first information report (document
same insured,
with Opposite Party No.1, for the period from 25.04.2011 to the midnight of 24.04.2012,
for the Insured Declared Value ... insured with them, by the complainant, for the period from 25.04.2011 to the midnight
of 24.04.2012, for the Insured Declared Value
that learned District Forum has erred in awarding 75% of the Insured
Declared Value on non-standard basis.
8. We have heard learned counsel ... complainant on non-standard basis of the Insured Declared Value of
the vehicle.
19. Document A/1 is the copy of insurance policy
insured by the complainant from the Opposite Parties, for the period from
19.3.2011 to 18.3.2012 for the Insured Declared Value ... Admittedly, the car was declared as a total
loss. The amount of Rs.3,77,135/-, being
the Insured Declared Value has already been received
