The meaning of IMT is India Motor Tariff and other meanings are located at the bottom which takes place within Insurance terminology and IMT has 1 different meaning. All meanings which belong to IMT abbreviation are take part only within Insurance terminology and other meanings are not found. If you want to see other meanings, please click the IMT meaning link. Thus, you will be directed to a page that indicates all meanings of IMT.
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IMT 23 Insurance:
IMT 23 is for commercial vehicles. Owing to the distances and wear-and-tear a commercial vehicle faces compared to a private vehicle, coverage for Front Headlight, Fender, Tires, Paint and Front bumpers are generally excluded from the normal insurance policies. However, if one opts for IMT 23, this exclusion will be come down to 50 percent. If one opts for depreciation cover, depreciation will not be deducted in case of partial loss claims .i.e. the entire claim amount will be reimbursed deducting policy excess and salvage. If you want to take nil depreciation cover for commercial vehicles it is suggested that you opt for an IMT 23 first, to make the cover more comprehensive.
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