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IMT-1 — Vintage Car Cover

IMT-1 — Vintage Car Cover. A specific endorsement attaching the policy to a Vintage Car (manufactured on or before 31 December 1940, or as defined by the. — DigiSurvey.

What it covers क्या कवर होता है

A specific endorsement attaching the policy to a Vintage Car (manufactured on or before 31 December 1940, or as defined by the Vintage and Classic Car Club of India / FIVA, in widely followed practice pre-1950 original-condition cars). The endorsement replaces normal depreciation on the vehicle with a fair-market-value / insured-sum basis.

Vintage Car (31 दिसंबर 1940 या पहले निर्मित, या Vintage and Classic Car Club of India / FIVA की परिभाषा — व्यापक practice में 1950 से पहले की original-condition cars) पर पॉलिसी attach करने वाला specific endorsement। normal depreciation की जगह fair-market-value / insured-sum basis।

Policy wording sample"IMT-1 — Vintage Car. It is hereby agreed and declared that notwithstanding anything to the contrary in the policy, the vehicle insured being a Vintage Car as defined by the Vintage and Classic Car Club of India, no depreciation shall be applicable on parts, and the Company's liability shall not exceed the Insured's Declared Value as agreed in the Schedule and based on a current valuation certificate."

Surveyor's verdict / key conditions सर्वेयर की जाँच

Verdict

For a vintage-car claim: NO IMT-23 depreciation scale applies — valuation is on the agreed sum insured. Verify (i) IMT-1 is on the schedule, (ii) current FIVA / VCCCI valuation certificate on file, (iii) use restricted to rallies, exhibitions and limited road use. If vehicle was used routinely (daily / commuting), insurer may contest.

vintage-car claim में IMT-23 depreciation scale लागू नहीं — valuation agreed sum insured पर। पक्का करें — (i) schedule पर IMT-1, (ii) file में current FIVA / VCCCI valuation certificate, (iii) use rallies, exhibitions और सीमित road use तक। अगर गाड़ी routinely (daily / commuting) चली — insurer contest कर सकता है।

Reference material — verify figures against the current IRDAI master circular and quote the actual policy wording in the report.

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