Basis of Indemnity will be to the extent lost/suffered in terms of replacement value for the parts to be replaced in case of partial accidental damage with associated labour to be assessed by an Independent licenced surveyor (relaxed for in-house surveyor within the estimate of Rs.20,000/-)  keeping policy terms and condition in view. For total loss, market value determined by an independent licenced surveyor will be the basis. For extensive damage which ultimately makes the repairing uneconomical total loss may be considered to be derived by the independent surveyor. In such cases, the insured, if he/she wishes can retain the salvage and net amount can be disbursed towards total settlement.

All the above term and condition are subject to change by Beema Samiti without any notice