It's obvious the market value or you say reistatement value / Sum assured which ever is less.
So in this case the Sum assured id less than Reinstatement value so 100000 is payable less depreciation.
It's obvious the market value or you say reistatement value / Sum assured which ever is less.
So in this case the Sum assured id less than Reinstatement value so 100000 is payable less depreciation.