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  2. Finance, Insurance
  3. Monday, September 30 2019
If Car Insurance policy has cover add on Return to Invoice, What will be the IDV for Total Loss/Constructive Total Loss calculation?

For Example-
1. Sum Assured Amount is Rs 6,00,000/-
2. Car Purchase Price is Rs 8,50,000/-, RTO RS 1,00,000/- i.e. 9,50,000/-

in the above case what will be the IDV Rs 6 lacs or 9.5 Lacs?
Yogesh Bhardwaj Accepted Answer
In case of return to invoice, the amount of car will be calculated as exshowroom price plus state taxes, registration charges and finally the price which the showroom has given you on the invoice on day of delivery.

  1. more than a month ago
  2. Finance, Insurance
  3. # 1
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