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Old 1st September 2011, 17:24   #1591
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Default Re: Automobile Insurance - Ask me

Insurance for my Beat (IDV ~ 3.15 approx) will be due for renewal this month. The cheapest quote received( after haggling) is Rs.6,093 from L&T considering a NCB and 45% discount. The company has cashless tie-up with the workshop. Is the quote reasonable?
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Old 1st September 2011, 20:04   #1592
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Insurance for my Beat (IDV ~ 3.15 approx) will be due for renewal this month. The cheapest quote received( after haggling) is Rs.6,093 from L&T considering a NCB and 45% discount. The company has cashless tie-up with the workshop. Is the quote reasonable?
L&T is a relatively new player in motor insurance. It is not clear about their after sales service. The website says the claims will be settled within 7 days, how much true, dont know. Hence the comparison of the quote can be done with the established players like Bajaj or TataAIG etc. Try getting quotes from them and then you can decide. To start with enquire with GM workshop about tie ups with Insurance companies for cashless claims. Then go about getting a quote from them and compare.
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Old 8th September 2011, 19:50   #1593
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Default Re: Automobile Insurance - Ask me

Vora-ji:

Yet another question for you and the benefit of others - in the picture below is it OK to say "NO" for question no. 10 since question no. 11 is "YES" and number of persons mentioned in policy schedule is 5. In effect - will a paid driver be covered for PA since 5 persons are mentioned and need not be specifically covered by saying "YES" in question 10.

This is an extract of the "coverage opted for" for a BA policy. Since policy has already been issued can I now insist that paid driver should also be given PA - if yes then what is the procedure of amendment? Thanks so much for your views.
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Old 8th September 2011, 19:56   #1594
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Vora-ji:

Yet another question for you and the benefit of others - in the picture below is it OK to say "NO" for question no. 10 since question no. 11 is "YES" and number of persons mentioned in policy schedule is 5. In effect - will a paid driver be covered for PA since 5 persons are mentioned and need not be specifically covered by saying "YES" in question 10.

This is an extract of the "coverage opted for" for a BA policy. Since policy has already been issued can I now insist that paid driver should also be given PA - if yes then what is the procedure of amendment? Thanks so much for your views.
No the driver will not be counted as a passenger. If you have mentioned 5 passengers then that is excluding the driver. Does your car have 5 passenger seating capacity? If not then amend it to 4 and take the driver cover too. Answer question 10 as yes. If at all times the car will be driven by yourself then no need to take the PA for driver cover. Hope this helps.
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Old 8th September 2011, 20:48   #1595
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No the driver will not be counted as a passenger. If you have mentioned 5 passengers then that is excluding the driver. Does your car have 5 passenger seating capacity? If not then amend it to 4 and take the driver cover too. Answer question 10 as yes. If at all times the car will be driven by yourself then no need to take the PA for driver cover. Hope this helps.
In that case - if anyone else other than the owner driver or the paid driver is driving then there is no way that the insurance company is liable! Can it be read that way?
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Old 9th September 2011, 11:04   #1596
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Default Re: Automobile Insurance - Ask me

My Corsa's Insurance is up for renewal on 27th Oct. After watching the Policy Bazaar ad on TV, I thought I'd check it to compare the best Insurance deals.

Funny part - they don't have Opel listed as a manufacturer at all!

Wondering if I should continue with Iffco Tokio or look for a better provider (haven't claimed Insurance yet so no problems with Iffco Tokio so far).

Car : Opel Corsa Sail
Manufacture : 2005
Last premium : 5118

Any suggestions?

Last edited by libranof1987 : 9th September 2011 at 11:08.
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Old 9th September 2011, 13:14   #1597
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In that case - if anyone else other than the owner driver or the paid driver is driving then there is no way that the insurance company is liable! Can it be read that way?
That is correct. I just browsed my Royal Sundaram policy and it says that the company is not liable to pay if the car is driven by anyone other that stated as owner driver/paid driver in the policy.

I would suggest to talk to the Insurance people directly and get a clarity on the subject matter.
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Old 9th September 2011, 13:37   #1598
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That is correct. I just browsed my Royal Sundaram policy and it says that the company is not liable to pay if the car is driven by anyone other that stated as owner driver/paid driver in the policy.

I would suggest to talk to the Insurance people directly and get a clarity on the subject matter.
Thats mayhem! Let me check the ones I have and come back.
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Old 13th September 2011, 09:48   #1599
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Default Re: Automobile Insurance - Ask me

Last year, I have paid Rs.12,750 towards Insurance for my ford fiesta (purchased on sept,2009). The next premium is due on few days and they (National Insurance) quotiing me the premium amount as Rs.12,689/-(not recieved any break-up so far). When I asked to clarify why almost same amount of last year is been quoted again and the reason given by them is that the premium charges are increased by 25% by all insurance companies.

Is this correct?
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Old 13th September 2011, 10:04   #1600
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Default Re: Automobile Insurance - Ask me

When my new car i10 for my wife was purchased last year we bought a zero depreciation insurance from bajaj Alliance. While renewal I get a renewal letter which doesn't talk of the zero depreciation and the insurance premium is far less. Does zero depreciation insurance can be carried forward to year 2,3 and so on?

thanks,
DF
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Old 13th September 2011, 13:24   #1601
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Quote:
Originally Posted by ghodlur View Post
That is correct. I just browsed my Royal Sundaram policy and it says that the company is not liable to pay if the car is driven by anyone other that stated as owner driver/paid driver in the policy.

I would suggest to talk to the Insurance people directly and get a clarity on the subject matter.
That's a subject matter of IMT -15 endorsement. Here's the wording of IMT - 15:

PERSONAL ACCIDENT COVER TO THE INSURED OR ANY NAMED PERSON OTHER THAN PAID DRIVER OR CLEANER
In consideration of the payment of an additional premium it is hereby agreed and understood that the Company undertakes to pay compensation on the scale provided below for bodily injury as hereinafter defined sustained by the insured person in direct connection with the vehicle insured or whilst mounting and dismounting from or traveling in vehicle insured and caused by violent accidental external and visible means which independently of any other cause shall within six calendar months of the occurrence of such injury result in:-
Details of Injury Scale of Compensation ...

Provided always that...
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Old 13th September 2011, 13:26   #1602
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Thats mayhem! Let me check the ones I have and come back.
I have the following endorsements (see pic) from Bharti for one of my cars. Missing out on IMT - 17: PA cover for Paid Driver. Trying to get that endorsed as well. Is there any place I can get the wording of the endorsements no. 67, 68, 69, 70 and 100?
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Last edited by aghosht : 13th September 2011 at 13:28. Reason: correction
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Old 15th September 2011, 17:06   #1603
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Unhappy Query on claiming own damage/un accounted damage

Hi members,

I have a query regarding claiming insurance for my car. Yesterday, I left my car outside the TacoBell outlet on Koramangala inner-ring road to grab some snack food. When I return after about ~20 minutes, I see a bump-dent on my car's bonnet and the Skoda logo dented inwards [into the plastic grill]. There were bikes parked near the cars but I couldn't identify who would have done it or had someone bumped the car and rode off.

I don't want to live with the dent on the bonnet and grill, so I'm going to claim insurance. Now, i have also inherited lots of scratches and a huge paint chip on the rear bumber and a lot of paint scrapped scratches on the left doors of the car [a half broken beer bottle was hit by my tyre and was came hurtling towards the car doors and did the damage. This was a considerable while back and I wasn't motivated to claim insurance at that time, as I kept travelling frequently, on work.

I have no idea who put the paint scrapping scratches and paint dent chips on the rear bumper, as they did not happen when i was driving the car. Can I claim for these scratches and scrapes to be worked under the same claim from yesterday, stating own damage or unaccounted damage?

Thanks for your responses in advance.

Cheers,
ajay K
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Old 15th September 2011, 17:16   #1604
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Default Re: Query on claiming own damage/un accounted damage

whatever damage was not present when your inspection was done, and is now present, that can be claimed.
For insurance covered items, of course.

take it to your repair centre, preferably one which has a cashless arrangement with your insurer
otherwise waiting for the settlement can be , well, a long wait.


PS: put this in auto insurance thread.
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Old 15th September 2011, 17:23   #1605
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Ajay,

You can claim it under own damage. You need to visit the service centre, get an estimate of repairs and contact the Insurance company preferable as Mayank pointed one which has a cashless tie up with the workshop. Once the claim is approved, then pay your contribution and reclaim a scratch free/dent free car.

Pls note if the cost of repairs is well within the amount you can save on NCB for next year then pay upfront for the repairs. If not then claim.
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