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Showing posts with the label partial loss

Exempted risk.

In vehicle responsibility, exempted to be risk to be classified in general exemption, fundamental, and special beside own risk.

General exemption.

Underwriter don't compensate to the:
(1) Loss of company of transportation, losing of fee ( rent), the decreasing of assess the motor vehicle, and loss of other finance which suffered by the insured because of insured motor vehicle cannot be used and befallen by accounted by risk of policy.
For example a public bus which insured, at one time slipped or inverse so that experience of partial loss. During improve and repairing damage of that public bus, the owner losing of the rent ought to be obtained, if the bus has not of accident. Losing of that rent don't accounted by the underwriter. Everything changed by underwriter only expense improves and repairs that bus. After improve and repaired, that vehicle value decline. Loss of him declining assess vehicle is not changed by underwriter even if decline him assess vehicle because of accoun…