Go Back   Team-BHP > BHP India > Team-BHP Reviews > Indian Car Loans & Insurance


Reply
 
Thread Tools Search this Thread
Old 28th August 2013, 08:34   #2536
Senior - BHPian
 
ghodlur's Avatar
 
Join Date: Sep 2009
Location: Thane
Posts: 4,807
Thanked: 1,804 Times
Red face Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by lancersfx View Post
On the return trip, however, after driving for 13hrs, managed to doze at the wheel for 5secs.
1. No complaint filed because there is no damage to any person/vehicle. Is this a must?
2. Any things to consider while i send the report of the incident to Bajaj allianz. Since it was a driver's fault (me), the insurance cover still applies right?
3. What are the considerations/pre-requisites if this has to be a write-off. I still wait for estimate from ford which might take a couple of days. The repair bill looks to be hefty at ~1.2-1.5l from an pre-estimate review.
4. Depreciation costs how is it going to affect for a 2000 model car?
OMG, Thats really bad. Glad to know the occupants are safe but I guess you learned the valuable lesson the hard way. Never ever think of driving if you are tired and its taxing on the brain to keep you alert. To answer your questions:
1. No need of any complaint.
2. Yes, the Insurance cover still applies. Take it to the nearest Ford workshop and get an estimate of the damage. Lodge a claim with BA and let their surveyor inspect the vehicle, then take it forward.
3. If the repair costs are more than 75% of the IDV mentioned in the policy, then the car can be written off a Total loss.
4. The IDV will take care of the depreciation costs.

Drive safe.

Quote:
Originally Posted by volkman10 View Post
This year, I got a quote from Bajaj for 17560 for an IDV of 451881. No claims done sofar so a NCB deduction of 3886 is shpwn in the above.
No issues with the quote except the IDV is off by 15K based on the last year's IDV minus 10% less. Try getting online quotes from Insurers, this way you will find out the comparison of premium rates and whether BA quote is justified.
ghodlur is offline   (2) Thanks Reply With Quote
Old 28th August 2013, 08:55   #2537
BHPian
 
Join Date: Mar 2012
Location: MH-14
Posts: 826
Thanked: 556 Times
Default Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by volkman10 View Post

Any pointers if this sounds okay to close the deal?

Cheers!
You may compare the offers from online sellers. But you have to look very closely to find out the details.

In most of the cases, to get the quote, you need to verify your mobile number. Try to arrange another SIM for getting the quotes, else the companies will keep on calling you.

I checked quotes from a website by giving my mobile number. The renewal due was in July. Still I get calls from insurance agents.
MaxTorque is offline   Reply With Quote
Old 28th August 2013, 09:59   #2538
BHPian
 
lancersfx's Avatar
 
Join Date: Jan 2006
Location: Bangalore
Posts: 201
Thanked: 22 Times
Default Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by ghodlur View Post
OMG, Thats really bad. Glad to know the occupants are safe but I guess you learned the valuable lesson the hard way. Never ever think of driving if you are tired and its taxing on the brain to keep you alert. To answer your questions:
1. No need of any complaint.
2. Yes, the Insurance cover still applies. Take it to the nearest Ford workshop and get an estimate of the damage. Lodge a claim with BA and let their surveyor inspect the vehicle, then take it forward.
3. If the repair costs are more than 75% of the IDV mentioned in the policy, then the car can be written off a Total loss.
4. The IDV will take care of the depreciation costs.

Drive safe.

No issues with the quote except the IDV is off by 15K based on the last year's IDV minus 10% less. Try getting online quotes from Insurers, this way you will find out the comparison of premium rates and whether BA quote is justified.

Thanks for the answers ghodlur. It looks like it is going to be a write off. I'm still waiting for an estimate from ford. I'll update this thread by this weekend or early next week once i hear from BA and Ford. Too many things contributed to this accident and of course, the primary one being my weary brain after an all night rain drive on a state highway, the constant dreary hum from wheel bearing, no music and to top it off, i had all windows shut with AC at 2. As you said it is a bout of carelessness is all that took for this incident
lancersfx is offline   Reply With Quote
Old 29th August 2013, 08:15   #2539
BHPian
 
Philistine's Avatar
 
Join Date: Dec 2009
Location: Mumbai, India
Posts: 38
Thanked: 5 Times
Default Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by optimist View Post
I opted out of the return to invoice. Anyway it was available only for one more year during which my percieved risk was neglible for my usage. Now in thinking retrospect i have lost around 20000 for the first 2 years. but no issues.

daily allowance: while buying a new car i thought it would be great. now reading the terms, conditions, and considering that alternative means of transport cost lesser than the premium paid (at least for me) i opted out of this also.

Got the IDV increased to the highest possible. they were quoting renewal premium for a low amount. still I saved approx INR 8000 on account of the discontinued riders.
Oh, Okay. These considerations before opting-in / out make sense. Does bumping up the IDV help you in anyway. I understand that the rules ensure a 10% drop. Was TATA AIG reducing this way lower?
Philistine is offline   Reply With Quote
Old 30th August 2013, 13:28   #2540
BHPian
 
optimist's Avatar
 
Join Date: Sep 2009
Location: Bangalore
Posts: 220
Thanked: 82 Times
Default Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by Philistine View Post
Oh, Okay. These considerations before opting-in / out make sense. Does bumping up the IDV help you in anyway. I understand that the rules ensure a 10% drop. Was TATA AIG reducing this way lower?
No. bumping up the IDV also is just a reasurance. Just that i wanted it to follow the norms instead of reduced values for the sake of less premium, which many companies do now misleading the gullible general public.

I chose to increase the value by 10% after the standard depreciation. Difference on a/c of this is not too much.
Edit: Increasing the value will help to keep a decent value years down the line.

However the best insurance is safe driving practice, always expecting the unexpected.

Last edited by optimist : 30th August 2013 at 13:35. Reason: inline above
optimist is offline   Reply With Quote
Old 30th August 2013, 13:56   #2541
BHPian
 
Philistine's Avatar
 
Join Date: Dec 2009
Location: Mumbai, India
Posts: 38
Thanked: 5 Times
Default Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by optimist View Post
However the best insurance is safe driving practice, always expecting the unexpected.
Oh yes. As always. No denying this.
Philistine is offline   Reply With Quote
Old 3rd September 2013, 20:36   #2542
Senior - BHPian
 
djay99's Avatar
 
Join Date: Jun 2007
Location: Dublin
Posts: 1,446
Thanked: 479 Times
Default Re: Automobile Insurance Queries? Ask me

I own a 2007 Spark which has NCB of 45% insured with National insurance. This car is being used by parents in my hometown.

Now i have booked a Linea Tjet and planning to transfer NCB without selling my car. Had asked my father to get a NCB certificate and manager told him that he can issue a certificate only if i am selling this car.
Can some one point me to a rule which states that i can get NCB certificate without selling my car?

Any advise on insurance company which provides cashless service for a Fiat Linea Tjet? Preferably tie up with fiat service centre.
djay99 is offline   Reply With Quote
Old 6th September 2013, 08:16   #2543
BHPian
 
Join Date: Aug 2007
Location: Paradise (wish it was)
Posts: 299
Thanked: 86 Times
Default Re: Automobile Insurance Queries? Ask me

Can the insurance be renewed at another branch of the same company (United India)? I am told by an agent that the NCB is lost as they would treat it as a new policy at the new branch. Is this correct?

PS: I am looking at renewing it the olden way - going to the branch, paying money & getting the printed documentation (and not online). Online renewal shows it can be done only 1 month prior to expiry & my insurance is expiring tomorrow.
null is offline   Reply With Quote
Old 6th September 2013, 11:51   #2544
Distinguished - BHPian
 
saket77's Avatar
 
Join Date: Dec 2012
Location: Ranchi
Posts: 2,948
Thanked: 2,841 Times
Default Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by null View Post
C Online renewal shows it can be done only 1 month prior to expiry & my insurance is expiring tomorrow.
Are you sure about this? I clearly remember how my friend renewed his i10's insurance online (through policy bazar: Bajaj allianz) 2 days before the expiry of the policy. It was instant. He took out a print out instantly of the policy and the original policy was couriered to his home address.
saket77 is offline   Reply With Quote
Old 6th September 2013, 13:48   #2545
BHPian
 
Join Date: Aug 2007
Location: Paradise (wish it was)
Posts: 299
Thanked: 86 Times
Default Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by saket77 View Post
Are you sure about this? I clearly remember how my friend renewed his i10's insurance online (through policy bazar: Bajaj allianz) 2 days before the expiry of the policy. It was instant. He took out a print out instantly of the policy and the original policy was couriered to his home address.
This is what the UIIC website shows:
Renew your existing United India Insurance policy
Policies that can be renewed Online
* 30 days prior to the expiry.
* Policy up to Vehicle Age 5yrs Only.
* Previous Policy without Claims.
Policies that cannot be renewed online
* Expired Policies.
* Policy with Claims.
* Policy with key information Engine no. , Chassis no, Registration no. missing


PS: I am not looking at renewing it online OR changing the insurance company.
null is offline   Reply With Quote
Old 6th September 2013, 20:16   #2546
Senior - BHPian
 
djay99's Avatar
 
Join Date: Jun 2007
Location: Dublin
Posts: 1,446
Thanked: 479 Times
Default Re: Automobile Insurance Queries? Ask me

Can some one tell me which insurance company has cashless tie up with Fiat service Centres (KHT/Vecto/Aadya) in Bangalore except Future Generali?
I will be buying a policy for my tjet in this month.
djay99 is offline   Reply With Quote
Old 6th September 2013, 20:40   #2547
Senior - BHPian
 
ghodlur's Avatar
 
Join Date: Sep 2009
Location: Thane
Posts: 4,807
Thanked: 1,804 Times
Smile Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by djay99 View Post
manager told him that he can issue a certificate only if i am selling this car.
Yes thats correct. NCB is applicable only after the completion of policy year. If you sell the car, it means that you are cancelling/transferring Insurance and the NCB applicable for the year will have to be nullified. In fact you may have to pay back to the Insurance co the NCB amt claimed last year during the policy renewal on pro rata basis.

Quote:
Originally Posted by null View Post
Can the insurance be renewed at another branch of the same company (United India)? I am told by an agent that the NCB is lost as they would treat it as a new policy at the new branch. Is this correct?

PS: I am looking at renewing it the olden way - going to the branch, paying money & getting the printed documentation (and not online). Online renewal shows it can be done only 1 month prior to expiry & my insurance is expiring tomorrow.
The agent is giving you false information. Talk to the Insurance officials for more clarifications. IMO the online mode is the fasted way to pay the premiums and have the policy documents printed. Most of the companies do allow premium payment till a day before the expiry date.

Quote:
Originally Posted by djay99 View Post
Can some one tell me which insurance company has cashless tie up with Fiat service Centres (KHT/Vecto/Aadya) in Bangalore except Future Generali?
I will be buying a policy for my tjet in this month.
Each Fiat dealer may have cashless tie up with different Insurance cos, so the best people who can tell the same are the workshop guys. Call them up & confirm. Can you elaborate on the particular rejection of Future generali?
ghodlur is offline   Reply With Quote
Old 6th September 2013, 20:46   #2548
Senior - BHPian
 
djay99's Avatar
 
Join Date: Jun 2007
Location: Dublin
Posts: 1,446
Thanked: 479 Times
Default Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by ghodlur View Post
Yes thats correct. NCB is applicable only after the completion of policy year. If you sell the car, it means that you are cancelling/transferring Insurance and the NCB applicable for the year will have to be nullified. In fact you may have to pay back to the Insurance co the NCB amt claimed last year during the policy renewal on pro rata basis.
Current NCB is 45%. Insurance is expiring on 10/10/2013. I am planning to talk to manager and request him if he can issue me a NCB certificate.
Can i ask him to cancel this policy now and give me NCB certificate?

Quote:
Each Fiat dealer may have cashless tie up with different Insurance cos, so the best people who can tell the same are the workshop guys. Call them up & confirm. Can you elaborate on the particular rejection of Future generali?
I am aware that future generali has a tie up with fiat. Wanted to know if Bajaj Allianz or some other insurance company has tie up with fiat service as
Reliance/Bharti/Iffco do not list any of the fiat service centres on their cashless garage list
Will call them as per your suggestion.
djay99 is offline   Reply With Quote
Old 6th September 2013, 20:54   #2549
Senior - BHPian
 
ghodlur's Avatar
 
Join Date: Sep 2009
Location: Thane
Posts: 4,807
Thanked: 1,804 Times
Smile Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by djay99 View Post
Current NCB is 45%. Insurance is expiring on 10/10/2013. I am planning to talk to manager and request him if he can issue me a NCB certificate.
Can i ask him to cancel this policy now and give me NCB certificate?
I doubt if the Manager will agree to it easily. But then even if you do so, you will be left with no Insurance on the Spark which is not correct. You will have to buy atleast a TPL cover for the car.

Since you have booked the T-Jet weren't you offered free insurance? If so, then you could have continued the policy for Spark and upon expiry buy a TPL cover and get the NCB letter which you could have used while renewing T-jet's insurance next year.
ghodlur is offline   Reply With Quote
Old 6th September 2013, 23:15   #2550
Senior - BHPian
 
djay99's Avatar
 
Join Date: Jun 2007
Location: Dublin
Posts: 1,446
Thanked: 479 Times
Default

Quote:
Originally Posted by ghodlur View Post
You will have to buy atleast a TPL cover for the car.

Since you have booked the T-Jet weren't you offered free insurance? If so, then you could have continued the policy for Spark and upon expiry buy a TPL cover and get the NCB letter which you could have used while renewing T-jet's insurance next year.
I will buy new policy for spark from a different insurance company. Lets see how it goes ahead.

I am getting exchange bonus discount of 1L on Tjet. Hence not eligible for free insurance.
djay99 is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Health insurance queries? Ask me! Haste Shifting gears 350 22nd November 2016 19:29
Queries in 'Ask the gurus' section rocksterraghu In-Car Entertainment 695 9th August 2016 07:54
Automobile Insurance - FAQ rjvora_2000 Indian Car Loans & Insurance 71 28th October 2015 18:28
P-150 classic for sale .What can i ask for jango Motorbikes 1 31st March 2006 12:51


All times are GMT +5.5. The time now is 11:32.

Copyright 2000 - 2016, Team-BHP.com
Proudly powered by E2E Networks