IMT-5 — Reduction in TP Legal Liability
IMT-5 — Reduction in TP Legal Liability. An endorsement that reduces the Third-Party legal liability cover of the policy from the statutory unlimited. — DigiSurvey.
What it covers क्या कवर होता है
An endorsement that reduces the Third-Party legal liability cover of the policy from the statutory unlimited (bodily injury / death) and property-damage caps to a specific limited sum insured for property damage. Not available on bodily-injury / death cover, which remains statutorily unlimited.
एक endorsement जो policy के Third-Party legal liability cover को statutory unlimited (bodily injury/death) और property-damage caps से घटाकर property damage के लिए एक specific limited sum insured कर देता है। bodily-injury / death cover पर उपलब्ध नहीं — वह वैधानिक रूप से unlimited रहता है।
Surveyor's verdict / key conditions सर्वेयर की जाँच
Rare in practice. For a TP property-damage claim, if IMT-5 is in force, check the capped sum insured on the schedule and settle only up to that cap. For a bodily-injury TP claim, IMT-5 is irrelevant — statutory cover applies.
व्यवहार में दुर्लभ। TP property-damage claim में अगर IMT-5 है, schedule पर capped sum insured check करें और उसी cap तक settle। bodily-injury TP claim में IMT-5 irrelevant — statutory cover लागू।
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