{"id":318,"date":"2020-04-11T09:21:05","date_gmt":"2020-04-11T09:21:05","guid":{"rendered":"https:\/\/sudhirkumarjain.com\/shop\/?p=318"},"modified":"2020-04-13T09:27:55","modified_gmt":"2020-04-13T09:27:55","slug":"insurance-issue-of-the-week-25","status":"publish","type":"post","link":"https:\/\/sudhirkumarjain.com\/shop\/insurance-issue-of-the-week\/insurance-issue-of-the-week-25\/","title":{"rendered":"Insurance issue of the week &#8211; 25"},"content":{"rendered":"<p><strong>Depreciation under MBD\/EEI Policies (Engg)<\/strong><\/p>\n<p>MBD\/EEI\u00a0 polices used the wordings \u201cno depreciation is applicable\u201d however the line does not end here and subsequent part it is written \u201c except for wear and tear parts and \/or parts having limited life\u201d Why this type wording is used while it should have been whether the Depreciation is applicable or not . Initial stress is given that no depreciation should be applicable despite that any hardly any claim \/assessed without any depreciation because remaining portion of the wordings. There cannot be anything which is not subject to wear and tear and unlimited life. Accordingly we fail to understand on what portion of the claim the depreciation would not be applicable. Though Insurer cannot change the terms and conditions of these policies being tariff products but we can educate the client while insuring their equipments so that the Broker\/Insurer does not face embarrassing situation at the time of claim.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Depreciation under MBD\/EEI Policies (Engg) MBD\/EEI\u00a0 polices used the wordings \u201cno depreciation is applicable\u201d however the line does not end<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-318","post","type-post","status-publish","format-standard","hentry","category-insurance-issue-of-the-week"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/posts\/318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/comments?post=318"}],"version-history":[{"count":1,"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/posts\/318\/revisions"}],"predecessor-version":[{"id":319,"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/posts\/318\/revisions\/319"}],"wp:attachment":[{"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/media?parent=318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/categories?post=318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/tags?post=318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}