EXCESS AND NIL DEPRECIATION
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Debashis Karmakar
Jul 22, 2018, 1:25:19 AM7/22/18
to iiisla-bengal, IS group, Iiisla-surveyors, IIISLA CHENNAI UNIT, iiislanortheast, insurance-surveyors-india, IIISLA PUNJAB
Dear All,
What is the meaning of Excess ? explain Compulsory Excess for Insurance Policies - Motor, Engineering, Marine or Fire etc.
When in policy the notes - 'Without Depreciation and Without Excess' -wording is endorsed on extra premium, what should we do(in United India Insurance - Motor Policy on Enhancement, shown on the Premium calculation, and no excess(Rs. 1000/- for pvt. car) is there for deduction).
Regards,
DEBASHIS KARMAKAR
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