Other Terms And Conditions
Other terms and conditions in Oriental Third Party Insurance include exclusions, deduction for salvage amount, cost of surveyor inspection if there is a gap/ break in policy. Exclusions are the situations under which the insurance company is not entitled to pay any compensation to the insured. Along with What is covered in Oriental Third Party Insurance, you should also know the conditions under which these covers are valid and under which they are not valid. Exclusions for each policy may be different. They are mentioned in the policy wordings of the respective policy. Salvage amount is the value of damaged parts of car that need to be replaced by the new ones. Some car insurance companies deduct the salvage amount from the net payable amount under a claim.