Thanks F50.
Thought as much VE would be a minus point for any insurer for claims, but just wanted to confirm.
Could you also advice how is the BOD value calculated??
Is the company discount on BOD value?
These are the thing what a person gets in the insurance policy, let me know if anything else needs to be mentioned in the policy.
1) BOD value
2) Basic third Party Liability.
3) Unnamed PA cover for 5ppl for inr 500/-
4) Paid Driver (Endt. IMT-28) inr 25/-
5) PA cover for Owner/Driver inr 100/-
6) Service Tax (Incl.Edu&Higher Edu Tax)
Damage to Third Party : inr 7'50'000/-
PA Cover for Owner/Driver : inr 2'00'000/-
Voluntary Deductables : inr 0/-
Pls add if anything missed out in the insurance policy.
Cheers!!!
Quote:
Originally Posted by F50  Hi Sha09mel,
1) You wont get NCB
2) You cannot opt for higher IDV than current year's IDV. If you want to keep value of the car on higher side and okay with the premium against it, then go for 10% if not then 15%. Dont go beyond that.
3) Yes squeeze them for higher company discounts.
4) Yes. Electrical Accessories of high value such as ICE etc then get it done asap. If you dont have bills for the accessories then ask one of their surveyors to check and fix value according to current market rate. I think whatever is the total amount of accessories - 4% of the value + tax should be the premium for Electrical Accessories.
And most importantly - Do Not Opt for Voluntary Excess - Ever! You will be the one who will suffer big time during a claim! |