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Old 6th October 2015, 13:04   #3271
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Originally Posted by rajatmakar View Post
a) Reliance General is cheapest but I found many negative reviews about them. Sireesh says that claims are smooth and they will facilitate. I would like to know if it will be wise to go with Reliance general?

b) There is some glitch in the website when I am trying to renew the existing policy online with Royal Sundaram. I was just trying to check if that will be cheaper. Any ideas if renewing online is cheaper?
Rajat,

To answer your queries:
1) In general people avoid Reliance although their buying process is relatively smooth. Its in case of claim processing the actual mettle of the Insurance co is seen where Reliance fails miserably. This is my personal opinion after hearing harrowing experiences fro near and dear ones. Don't go by dealer say, they tend to patronize the Insurance co which offer the highest commission.

2) Renewing online will be cheaper definitely. In you case since you had a claim, RS will see you as high risk customer and hence premium applied will be higher than normal. If your claim processing experience with RS has been smooth, then it will be worthwhile spending a few thousand extra and continuing with RS rather than have a hear tearing experience with the cheaper premium providing Insurance co. Take an informed decision.

The correct IDV in your case should be around 10.15L, you should get quotes based on this IDV. I assume that you have verified that the 3 insurance co's you have mentioned do have cashless tie up with the Mahindra workshop.
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Old 6th October 2015, 16:52   #3272
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Default Re: Automobile Insurance Queries? Ask me

Anyone heard of Liberty Videocon? https://www.libertyvideocon.com

One of my long trusted contacts is offering me a policy from them. The rate is very good. My current insurer is TATA AIG.
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Old 6th October 2015, 20:20   #3273
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Originally Posted by ghodlur View Post
Rajat,

To answer your queries:
1) ... Its in case of claim processing the actual mettle of the Insurance co is seen where Reliance fails miserably...

2) Renewing online will be cheaper definitely...

The correct IDV in your case should be around 10.15L, you should get quotes based on this IDV. I assume that you have verified that the 3 insurance co's you have mentioned do have cashless tie up with the Mahindra workshop.
Firstly, many thanks.

1) Sireesh Auto representatives keep pushing Reliance General strongly. And that is making me feel that something is fishy.

2) When I tried online renewal with RS, it says that my policy cannot be renewed online. I am following up with their customer care daily. Are the charges same if I go to their office and renew directly incase the online option doesn't work out?

3) Sireesh representatives explained that they considered 8.5% depreciation instead of 10% as the current price of W6 has increased. Is this a correct rule or they are cashing on my ignorance?

4) Yes, all of them have cashless tie-up with Sireesh workshop.

Regards,
Rajat

Last edited by rajatmakar : 6th October 2015 at 20:21. Reason: spelling corrected
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Old 7th October 2015, 07:58   #3274
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Originally Posted by rajatmakar View Post
2) When I tried online renewal with RS, it says that my policy cannot be renewed online. I am following up with their customer care daily. Are the charges same if I go to their office and renew directly incase the online option doesn't work out?

3) Sireesh representatives explained that they considered 8.5% depreciation instead of 10% as the current price of W6 has increased. Is this a correct rule or they are cashing on my ignorance?
I think the difference in the online and offline quote would be nominal provided the IDV in both cases should be same.

If the prices have increased for the variant, then as per rules the IDV has to be calculated as exshowroom cost times the depreciation of ownership in %. For eg if the variant costs Rs 12L ex showroom today, then the IDV would be 12L -(12L X 10%) = 10.8L and not 10.15L as stated earlier.
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Old 8th October 2015, 00:30   #3275
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Hello Everyone,

My 6 months old Polo met with an accident today when a truck hit it from the side and damaged the rear quarter panel. I had always wondered how the quarter panels are replaced/repaired. After having a look a the the pictures below could anyone give me pointers on how bad a damage it is?
Usually how long does this kind of a repair take? Any other suggestions are also welcome. I plan to visit the body shop tomorrow and claim insurance.
Automobile Insurance Queries? Ask me-img_20151007_235738.jpg
Automobile Insurance Queries? Ask me-img_20151007_235748.jpg

Thanks!
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Old 8th October 2015, 08:36   #3276
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could anyone give me pointers on how bad a damage it is?
Usually how long does this kind of a repair take?
The damage looks pretty bad. The entire quarter section needs to be repaired and painted. I hope there is no damage to the doors. If that's the case, then I would suggest get a quote from VW workshop and also from a good FNG. If the repair cost exceeds the amount you could save on NCB, then you should go ahead and make a claim. If not then suggest to get the repairs done from pocket itself.

IMO the total cost of denting + painting may be around 8K. BTW do you have zero depreciation add on cover for your car?
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Old 8th October 2015, 09:10   #3277
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The damage looks pretty bad. The entire quarter section needs to be repaired and painted. I hope there is no damage to the doors. If that's the case, then I would suggest get a quote from VW workshop and also from a good FNG. If the repair cost exceeds the amount you could save on NCB, then you should go ahead and make a claim. If not then suggest to get the repairs done from pocket itself.

IMO the total cost of denting + painting may be around 8K. BTW do you have zero depreciation add on cover for your car?
Thanks for your reply ghodlur!

The damage is only to the quarter section below the fuel lid. Is this part not replaced or is it only repaired? I will be on my way to the body shop in another 30 minutes. And yes, I do have zero dep insurance. Also how can I calculate the amount of the NCB for my next premium.
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Old 8th October 2015, 09:11   #3278
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Default Re: Automobile Insurance Queries? Ask me

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Originally Posted by paddu View Post
Hello Everyone,

My 6 months old Polo met with an accident today when a truck hit it from the side and damaged the rear quarter panel. I had always wondered how the quarter panels are replaced/repaired. After having a look a the the pictures below could anyone give me pointers on how bad a damage it is?
Usually how long does this kind of a repair take? Any other suggestions are also welcome. I plan to visit the body shop tomorrow and claim insurance.

Thanks!
By the pictures, this repair will involve:
  • The rear quarter panel dent removal
  • Rear quarter panel painting
  • Bumper painting (I'm sure they'll suggest complete bumper painting)
  • Also wheel well plastic cladding maybe damaged

Since it is the first year, The NCB that you may get next year is around 20%
IMO even an outside body shop will not quote less than 5k
If you take it to the VW service centre expect not less than 10k bill.
I would suggest you go ahead and claim the insurance

Any bodyshop other than the VW workshop will take 2 to 3 days.
So, I guess you should get it back within a week
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Old 8th October 2015, 12:13   #3279
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Originally Posted by hemanth.anand View Post
By the pictures, this repair will involve:
  • The rear quarter panel dent removal
  • Rear quarter panel painting
  • Bumper painting (I'm sure they'll suggest complete bumper painting)
  • Also wheel well plastic cladding maybe damaged
Thank you for your detailed response, Hemanth.

I gave the car to the nearest VW workshop. They estimated it at Rs3500+tax which I feel is pretty decent. I did not claim insurance and thought it is better to pay from my own pocket.
It will take a total of 4 days to repair it.
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Old 8th October 2015, 12:46   #3280
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Also how can I calculate the amount of the NCB for my next premium.
You have current policy IDV information with you - A
Next year IDV = A - (A* depreciation %) = B
OD premium = 3.191 * B = C (depending on zone, cc, age of vehicle. For calculation purposes I have considered car cc to be within 1000 to 1500 cc, zone as non metro, for metros it will be slightly more). If any additional discounts offered, then that has to be reduced from C
NCB = C* NCB% applicable for years of claim free ownership.

The above is a rough calculations and subject to the variable parameters.
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Old 8th October 2015, 23:14   #3281
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Renewed my EcoSport's insurance today. Went ahead with Bajaj Allianze as part of the Ford preferred insurance, the depreciation shield was offered at 19k. On the other hand Bajaj's online renewal had quoted around 26k for the same IDV for their drive assure economy with depreciation and engine shield and 24x7 assistance.
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Old 9th October 2015, 08:40   #3282
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Went ahead with Bajaj Allianze as part of the Ford preferred insurance,
I thought Royal Sundaram was the preferred Insurer for Ford as they have a national tie up with them. Is this now changed to Bajaj Allianz? Or this was workshop's preferred Insurer?
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Old 9th October 2015, 10:14   #3283
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Guys, a quick question. I am exchanging my car with the dealer itself, and in the process transferring the NCB to the new car. The dealer has now asked me to get a third party insurance done on the old car - they would take in the old car only if insured. So if I am transferring the main policy/NCB to new car, old car has to be insured - be it the cheapest way out. Is this justifiable ? How much would third party insurance cost ?
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Old 9th October 2015, 11:19   #3284
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Guys, a quick question. I am exchanging my car with the dealer itself, and in the process transferring the NCB to the new car. The dealer has now asked me to get a third party insurance done on the old car - they would take in the old car only if insured. So if I am transferring the main policy/NCB to new car, old car has to be insured - be it the cheapest way out. Is this justifiable ? How much would third party insurance cost ?
Third Party insurance cost depends on engine CC and is standard rate across all insurance companies - go with whichever you want.
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Old 9th October 2015, 11:33   #3285
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Originally Posted by ptaneja View Post
Guys, a quick question. I am exchanging my car with the dealer itself, and in the process transferring the NCB to the new car. The dealer has now asked me to get a third party insurance done on the old car - they would take in the old car only if insured. So if I am transferring the main policy/NCB to new car, old car has to be insured - be it the cheapest way out. Is this justifiable ? How much would third party insurance cost ?
It is mandatory to have insurance on the car even if only TPL. Also you transfer the NCB to the new car and not the policy. The policy stays with the old car, only the ownership of the Insurance needs to be transferred. Are you ensuring that the ownership of the old car gets duly transferred to the dealer's name? Keeping it as an open loop is not advisable.

For the TPL rates, check this post
http://www.team-bhp.com/forum/indian...ml#post3679105
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