Thanks, zappo, for taking time to respond. I was away for a while, so couldn't
update sooner. Anyway, I've learnt some more about this insurance stuff:
Apparently, the table showing 20% depreciation in IDV after 1st year is
correct. The 15%, 25%, ... table is for depreciation of some parts, and not
for the car as a whole. This is explained in the policy booklet -- I was never
given one by Bimal with my new car ! I couldn't make time to go over to
the dealer and talk face-to-face with someone sensible. So couldn't argue
much over phone about the possibility of a lower depreciation for my
very-low-mileage car. I'd accepted the standard table 20% and renewed the
insurance. Anyway the IDV would be an issue only in case of a total loss, and
in such a case, who knows if I'd still be there to rue my decision of having
acceped the standard 20% depreciation :-). Thanks again guys for your help. |