Criteria for making an insurance claim? - Team-BHP

srh · 16th February 2008, 18:37

My parked car (Indica Xeta GLS - Jul 06 purchase) got damaged with a medium sized dent on the front left door. The rubbing strip also got detached and stolen. I have comprehensive insurance, but has a Rs. 500 compulsary deductible, 50% depriciation on rubber/plastics and depriciation as applicable.

I wanted to know if making a claim is advisable. I have 2 considerations. If I make a claim, I pay a Rs. 500 deductible and other expenses due to depriciation. I would also miss the no-claim bonus for subsequent years. If I do not make the claim and repair it myself, I will have to pay the entire cost. What is the break even point between these two. What minimum amount of insurance claim should one have to make it worthwhile? Anyone can please advise?

Please send me a PM

16th February 2008, 18:37	#1 (permalink)
srh BHPian Join Date: Jun 2007 Location: Bangalore Posts: 190	Criteria for making an insurance claim? My parked car (Indica Xeta GLS - Jul 06 purchase) got damaged with a medium sized dent on the front left door. The rubbing strip also got detached and stolen. I have comprehensive insurance, but has a Rs. 500 compulsary deductible, 50% depriciation on rubber/plastics and depriciation as applicable. I wanted to know if making a claim is advisable. I have 2 considerations. If I make a claim, I pay a Rs. 500 deductible and other expenses due to depriciation. I would also miss the no-claim bonus for subsequent years. If I do not make the claim and repair it myself, I will have to pay the entire cost. What is the break even point between these two. What minimum amount of insurance claim should one have to make it worthwhile? Anyone can please advise? Please send me a PM __________________ 2006 Indica Xeta 1.4 2006 Ford Ikon Flair - Leased 2000 Mitsubishi Lancer - Leased Last edited by srh : 16th February 2008 at 18:43.

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