IMT-7 — Depreciation Waiver on Specific Parts (pre-Zero-Dep era)
IMT-7 — Depreciation Waiver on Specific Parts (pre-Zero-Dep era). The pre-2007 depreciation-waiver endorsement, now largely superseded by the modern. — DigiSurvey.
What it covers क्या कवर होता है
The pre-2007 depreciation-waiver endorsement, now largely superseded by the modern Zero-Depreciation / Nil-Depreciation add-on. IMT-7 waived depreciation on certain fibre-glass, rubber and plastic parts, with specific caveats; some insurers still issue it for policies that pre-date the switch to the modern Nil-Dep add-on.
2007-पूर्व का depreciation-waiver endorsement, आज मुख्यतः आधुनिक Zero-Depreciation / Nil-Depreciation add-on से supersede हो चुका। IMT-7 कुछ fibre-glass, rubber और plastic parts पर depreciation माफ़ करता था, कुछ caveats के साथ; कुछ insurers अभी भी पुराने policies के लिए जारी करते हैं।
Surveyor's verdict / key conditions सर्वेयर की जाँच
SURVEYOR PITFALL — if a modern Zero-Dep add-on is in force, DO NOT additionally apply the IMT-7 depreciation scale; the Zero-Dep add-on supersedes IMT-7 contractually. Check only the newer endorsement. If ONLY IMT-7 is on the policy (no Zero-Dep), apply the IMT-7 scale strictly to the parts covered and use the standard depreciation on others.
SURVEYOR PITFALL — अगर आधुनिक Zero-Dep add-on लागू है, तो IMT-7 depreciation scale अलग से मत लगाओ; Zero-Dep add-on IMT-7 को contractually supersede करता है। सिर्फ़ नये endorsement को देखो। अगर policy पर सिर्फ़ IMT-7 है (कोई Zero-Dep नहीं), IMT-7 scale को covered parts पर strictly लागू करो और बाकी पर standard depreciation।
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