1 the measure of indemnity in respect of claims for unrepaired damage shall be the reasonable depreciation in the market value of the vessel at the time this insurance terminates arising from such unrepaired damage but not exceeding the reasonable cost of repairs
2.
Nothing in the provisions of this act relating to the measure of indemnity shall affect the rules relating to double insurance , or prohibit the insurer from disproving interest wholly or in part , or from showing that at the time of the loss the whole or any part of the subject - matter insured was not at risk under the policy
3.
Where there is a loss recoverable under the policy , the insurer , or each insurer if there be more than one , is liable for such proportion of the measure of indemnity as the amount of his subscription bears to the value fixed by the policy in the case of a valued policy , or to the insurable value in the case of an unvalued policy
4.
Subject to any express provision in the policy , where the assured has paid , or is liable for , any general average contribution , the measure of indemnity is the full amount of such contribution , if the subject matter liable to contribution is insured for its full contributory value ; but , if such subject - matter be not insured for its full contributory value , or if only part of it be insured , the indemnity payable by the insurer must be reduced in proportion to the under insurance , and where there has been a particular average loss which constitutes a deduction from the contributory value , and for which the insurer is liable , that amount must be deducted from the insured value in order to ascertain what the insurer is liable to contribute
5.
Subject to any express provision in the policy , where there is a partial loss of freight , the measure of indemnity is such proportion of the sum fixed by the policy , in the case of a valued policy or of the insurable value , in the case of an unvalued policy , as the proportion of freight lost by the assured bears to the whole freight at the risk of the assured under the policy
How to say measure of indemnity in Hindi and what is the meaning of measure of indemnity in Hindi? measure of indemnity Hindi meaning, translation, pronunciation, synonyms and example sentences are provided by Hindlish.com.
Mobile