How the extent of loss is determined?
An assessor works out the estimation based on several factors such as depreciation. Based on the calculation and in tune with the policy wordings, the claim amount is paid to the insured.
- I am a homemaker and I spend a majority of my time at home. Do I also need an individual personal accident policy?
- How is Premium Rate decided?
- What is meant by IDV?
- What is the amount for which I need to insure my commercial vehicle? How is IDV connected to the amount needed to insure vehicle?
- How is valuation and sum insured decided?