Beruflich Dokumente
Kultur Dokumente
- B. Kanaga sabapathy
www.bkanagasabapathy.com
Part - 6
Case study :
One factory got damaged. The sum insured is Rs. 50,00,000/-. Claim made by the owner
- Rs. 10,00,000/-. The property is 20 years old. Present replacement rate of a similar new
building is Rs. 7,000/- per sq.m. Builtup area - 2,000 sq.ft.
Opinion :
Data :
Solution :
Age = 20 years
Life assumed = 40 years (since it is a factory)
Salvage value = Nil (assumed)
20
Depreciation percentage = x 100 = 50%
40
Depreciation value = 0.5 x 13,01,090
= Rs. 6,50,545/-
Depreciated value = 13,01,090 - 6,50,545
= Rs. 6,50,545/- (2)
• (Note : If policy is made only for the super structure only, value of the
superstructure (assuming 15% for foundation) = 0.85 x 6,50,545 =
Rs. 5,52,963/-. Sum payable is Rs. 5,52,963/- (less policy excess)).
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