For vehicles beyond five years of age and obsolete vehicles, the IDV is mutually agreed value. IDV for vehicle less than five years old is the Manufacturers listed selling Price, which is adjusted for Deprecation based on age of Vehicle. The amount of Insurance will be Insured Declared Value of the Vehicle (IDV). Transit by Road, Rail, Inland waterways, air or lift. Terrorism, Riots, Strikes, Malicious Acts.Ĥ. Earthquake, Flood, Storm, Landslide or Rockslide, Inundation. Fire, Explosion, Self Ignition & Lighteningģ. Liability to third parties, Personal Accident cover to owner-driverģ. Accidental Loss of or damage to the VehicleĢ. What is covered under Car Insurance Policy:ġ. MOTOR PACKAGE INSURANCE POLICY FOR PRIVATE CAR
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