Question

30. Under a package policy a motor vehicle suffered a loss of Rs.80,000/-. Surveyor assessed the loss as under:
Replacement of parts Rs.30,000
Depreciation is 10% (-)
Labour charges (+) Rs.15,000
Policy excess (-)Rs. 2,500
Salvage value -Rs. 2,700
What is the indemnity under the policy?​

Answer 1

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