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Old 7th February 2014, 12:23   #2746
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Default Re: Automobile Insurance Queries? Ask me

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Originally Posted by Red Liner View Post
The 485 bucks covers loss of keys (in which case it should cover change of the entire locking system)/breakage of keys and a bunch of other things (hotel stay blah blah). The key fob has the built in lock/unlock function so I thought this was useful.
Interesting if it does really cover the change of entire locking mechanism and all these things.

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Why would you change the entire locking system in case of loss of keys? Wouldnt Honda provide a new set of keys based on the engine VIN or some other parameters?
It is better to replace the locking mechanism if the key is ever lost. The lost key would create security threat to your car any which way even if Anti-Theft is installed on the car. Replacing the locking mechanism cost is hefty. If the key is broken/dilapidated, it would better replaced using the key tag from the manufacturer. I assume this later part will not be covered by any insurer as the wear and tear are not covered in any plan.
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Old 7th February 2014, 12:36   #2747
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Interesting if it does really cover the change of entire locking mechanism and all these things.



It is better to replace the locking mechanism if the key is ever lost. The lost key would create security threat to your car any which way even if Anti-Theft is installed on the car. Replacing the locking mechanism cost is hefty. If the key is broken/dilapidated, it would better replaced using the key tag from the manufacturer. I assume this later part will not be covered by any insurer as the wear and tear are not covered in any plan.
The entire locking mechanism will be replaced *only* if the car shows signs of having been broken into!
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Old 7th February 2014, 12:44   #2748
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Originally Posted by Red Liner View Post
but its interesting to see that they don't cover the plastic fob breaking/shattering. What happens then? How would Honda fix it?
It will interesting to know Tata AIG's and Honda response to your query. Mind posting the pic of the fob? I guess you should be able to buy the case on ebay. Thats what Fiatians generally do, get the case when the lock opening spring on the plasticky key fob goes kaput.

Last edited by ghodlur : 7th February 2014 at 12:47. Reason: spell check
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Old 7th February 2014, 12:56   #2749
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It will interesting to know Tata AIG's and Honda response to your query. Mind posting the pic of the fob? I guess you should be able to buy the case on ebay. Thats what Fiatians generally do, get the case when the lock opening spring on the plasticky key fob goes kaput.
here's the picture: http://www.team-bhp.com/carpics/Hond...da-brio-05.jpg
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Old 7th February 2014, 13:05   #2750
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Originally Posted by Red Liner View Post
but its interesting to see that they don't cover the plastic fob breaking/shattering. What happens then?
This will answer to your above question.

http://www.ebay.in/itm/Honda-Flip-Ke...item417c2df65b
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Old 7th February 2014, 19:12   #2751
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Default Re: Automobile Insurance Queries? Ask me

My Fiesta's Insurance is due for renewal. Itís going to step into its fifth year now. Is there any zero depreciation policy available for 4 year old cars?. My current insurance is with Bajaj Allianz.
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Old 8th February 2014, 07:14   #2752
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My Fiesta's Insurance is due for renewal. Itís going to step into its fifth year now. Is there any zero depreciation policy available for 4 year old cars?. My current insurance is with Bajaj Allianz.
As of now we know only Future generali & Bharati Axa offer zero dep add on for a 4yr old car. But this will be the last year of opting for the zero dep option, make most use of it. Check whether the workshop has a cashless tie up with these Insurers.
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Old 8th February 2014, 15:39   #2753
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I'm planning to buy a new bike. I have not made any claims on my existing bike since the last 10+ years. In case i am not selling the existing bike, what is the procedure to transfer the existing NCB to the new vehicle.
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Old 9th February 2014, 10:44   #2754
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The front of my dad's Indigo CS was taken out by a red light jumper at Sony World early yesterday. The Enjoy hit the Indigo near the left front wheel - turned the car by 45% - and the front seems to have a 10-15% bend from the rest of the car

Car REgistered on 10th July 2008
Car's IDV: a shade over 2L

The options seem to be -

1.) Repairs - anywhere between 80k to 1.5L from initial estimates. Could be as high as 1.8L. We'll apparently need to pay nearly 50% overall!
2.) Total Loss

Concorde will give us an estimate tomorrow, and then call the surveyor. I don't really understand how a total-loss is calculated - would be grateful if someone could explain that. My understanding was that it's based on repair costs >75% of IDV. Someone said it's based on the company's liability, not the repair costs alone.

Also, am very nervous how repairable the car is, given that the front seems really out of shape and there might be extensive damage to the mechanicals. Can we push hard for a total loss based on this or other criteria? What's our liability then?

Finally, does it being an out of state vehicle (with a month old NOC) have any impact on the salvage value, if it comes to that?

Last edited by zenx : 9th February 2014 at 11:11.
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Old 9th February 2014, 11:24   #2755
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Default Re: Automobile Insurance Queries? Ask me

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The front of my dad's Indigo CS was taken out by a red light jumper at Sony World early yesterday. The Enjoy hit the Indigo near the left front wheel - turned the car by 45% - and the front seems to have a 10-15% bend from the rest of the car
Here's a pic of the car:

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Old 9th February 2014, 12:14   #2756
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Originally Posted by slicvic View Post
I'm planning to buy a new bike. I have not made any claims on my existing bike since the last 10+ years. In case i am not selling the existing bike, what is the procedure to transfer the existing NCB to the new vehicle.
You can get the NCB letter from the current Insurer and use it while buying the Insurance for the new bike. For the older bike, you can buy a TPL only policy. NCB moves with the owner and not with the bike.

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Originally Posted by zenx View Post
I don't really understand how a total-loss is calculated - would be grateful if someone could explain that. My understanding was that it's based on repair costs >75% of IDV. Someone said it's based on the company's liability, not the repair costs alone.

Also, am very nervous how repairable the car is, given that the front seems really out of shape and there might be extensive damage to the mechanicals. Can we push hard for a total loss based on this or other criteria? What's our liability then?

Finally, does it being an out of state vehicle (with a month old NOC) have any impact on the salvage value, if it comes to that?
@Zenx,

Sorry to hear about the incident. Yes you right in saying that the vehicle will be treated as total loss if the repair cost exceeds 75% of the IDV and no its not based on company's liability but purely on repair costs only. I would suggest get the Surveyor ASAP & he would be the person deciding for you if its a total loss. As per your post, I guess the structural integrity of the car is seriously compromised, hence you should push for a total loss. Ideally in this case, the Insurance co is liable to pay the IDV but many a times its a tough fight. In most cases Insurance co pays a certain amount and the rest is to be taken from the salvage co. Having an out of state vehicle wouldnt matter as long as the vehicle documents are clear and available.
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Old 9th February 2014, 15:53   #2757
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Default Re: Automobile Insurance Queries? Ask me

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I'm planning to buy a new bike. I have not made any claims on my existing bike since the last 10+ years. In case i am not selling the existing bike, what is the procedure to transfer the existing NCB to the new vehicle.
It is not possible to use NCB from old vehicle on the new vehicle if you are not selling/transferring the old one.

The catch is that you can transfer the vehicle to somebody in household without selling. Buy a new insurance for the old vehicle which can be just Third Party.

Get a NCB letter from your insurer for the old vehicle and use it to get NCB transferred to the insurance of the new vehicle.
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Old 9th February 2014, 16:14   #2758
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Default Re: Automobile Insurance Queries? Ask me

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It is not possible to use NCB from old vehicle on the new vehicle if you are not selling/transferring the old one
Incorrect. I did this 5years ago when we bought safari. WagonR was converted to 3rd party only and 50% NCB was transfered to Safari. I have both cars till date w/o changing owners. Problem is most insurers are reluctant to do this due to obvious reasons and will misguide you.

BJ
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Old 9th February 2014, 16:23   #2759
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Incorrect. I did this 5years ago when we bought safari. WagonR was converted to 3rd party only and 50% NCB was transfered to Safari. I have both cars till date w/o changing owners. Problem is most insurers are reluctant to do this due to obvious reasons and will misguide you.

BJ
Thanks for confirming. Must be the way of the insurers then. We will have to push for our vehicles which has not been possible since years.
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Old 9th February 2014, 19:03   #2760
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Default Re: Automobile Insurance Queries? Ask me

I sold a car in August 2013, with insurance expiring on July 2014. I have the relevant documents evidencing registration of this sale/transfer by the RTO.
Based on this, can I get the NCB letter now, or do I have to wait till July 2014. If I get it now, I can use it for a renewal on another car, to be done in May 2014, hence the question.
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