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FAQs

Non Life Insurance - For what value is the car to be insured - depreciated value or reinstatement value?
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tPara"> The car is neither to be insured for reinstatement value nor for depreciated value. It is to be insured for second-hand value in the local market for a similar type of car for a similar model. In the event of loss, the liability of insurance company is the maximum compared to the market value or the amount of insurance whichever is less.