Professional Documents
Culture Documents
The car is 3
year old vehicle – purchased on 15th April, 2015 and registered on 18 June
,2015 . The invoice price was Rs. 5, 87,000/- The cost together with tax and
registration charges came to Rs 6, 18,000 . How would the IDV be calculated
when the vehicle was renewed on 15th April, 2018?
Q no-2 The above car met with an accident on 12th March 2018. The accident
was frontal – the following parts were damaged as a result of accident.
1. Radiator - 4370.00
2. Condenser -3770.00
3. Windshield Glass – 6700.00
4. Side fender left side -1800
5. Fog light -1500
Repairing charges
1. Painting - 1800
2. Opening and fittings – 2400
3. Repairing charges - 1600
Q-3
A motor car– Tata Zest model 2018 , c.c. 1000 I.D.V. 8,00000/- Date of
Purchase -12.02.2018
1. Calculate how would the claim arising out of total loss arising out of
theft
2. Calculate the loss when the tyre of the car got deflated while the vehicle
was being driven on the road. The cost of tyre is 50,000/-
3. Calculate when the tape was stolen –cost 20,000/-