Insurance - Ask me

[rjvora_2000]

Originally Posted by Schnellster

Thank you for the response. And can you tell me why you suggest to claim after renewal? and why not before? If I claim before renewal by how much will be my next premium increase? Bajaj qouted me 3200 for renewal without claim.

I think your premium has NCB + Discount, Both of this will go if you claim right now.

[janitha]

Originally Posted by rjvora_2000

I think your premium has NCB + Discount, Both of this will go if you claim right now.

Leaving aside NCB and discount, will there be increase in premium if there is a claim?

[rjvora_2000]

Originally Posted by janitha

Leaving aside NCB and discount, will there be increase in premium if there is a claim?

No.

There are only two thing other then car value because of which premium comes down. If you are making claim every year since you have bought the car still your premium will come down because of depreciation.

There is noting like lording of premium in the market today for motor insurance.

Once we make claim the NCB will go to 0%. Other discount is on insurance company if you bargain good then you might get it.

[IndigoXLGrandDi]

I may be getting the Delivery of our Mahindra Xylo E8(ABS) tomorrow since there is Bank holiday today so cannot draw the DD of balance amount.
I am getting the Insurance and Registration done myself.
My query is--
Mahindra Xylo comes with Factory-fitted Engine Immobiliser on all variants.
On Policy-Bazaar I have seen that if the vehicle is equipped with ARAI certified Anti-Theft Device, the Insurance Premium gets reduced by around Rs.350/-.
How to convince the Insurance Co. Agent that Xylo comes with ARAI Certified Anti-Theft Device (since it is Factory-Fitted) to get Discount on the Premium?

[Latheesh]

[quote=rjvora_2000;1555577]Body + Bumper + Tail light (I think) How much is the quote for repair you have received?

That is important.

Quote for repair is around 5K, decided to claim insurance because in last two months I was involved in 2 accidents 1st - an auto guy hit my front bumper and this one. Both the occasion mistake was theirs and I do not know how many more idiots goin to bang!!!!!:-))))).

[bj96]

Originally Posted by IndigoXLGrandDi

How to convince the Insurance Co. Agent that Xylo comes with ARAI Certified Anti-Theft Device (since it is Factory-Fitted) to get Discount on the Premium?

Since, it comes as OEM- insurance company will agree. Just attach a copy of user manual/tech specs/brochure of your car which mentions this functionality. That is how I convinced NATMAR, ~7 years ago for my wagon-r.

-BJ

[rjvora_2000]

Originally Posted by IndigoXLGrandDi

I may be getting the Delivery of our Mahindra Xylo E8(ABS) tomorrow since there is Bank holiday today so cannot draw the DD of balance amount.
I am getting the Insurance and Registration done myself.
My query is--
Mahindra Xylo comes with Factory-fitted Engine Immobiliser on all variants.
On Policy-Bazaar I have seen that if the vehicle is equipped with ARAI certified Anti-Theft Device, the Insurance Premium gets reduced by around Rs.350/-.
How to convince the Insurance Co. Agent that Xylo comes with ARAI Certified Anti-Theft Device (since it is Factory-Fitted) to get Discount on the Premium?

We crossed 500 Replies.

User manual is the best document I think. you can tell them to check there records also.

[aryashiv1]

My car insurance of car getting over on 13 Nov. Want to renew it. There are no claims, what would be options & premiums for renewal of my insurance. My car is i10 sports Kappa, driven around 15000 Kms.

[rjvora_2000]

[quote=Latheesh;1560794]

Originally Posted by rjvora_2000

Body + Bumper + Tail light (I think) How much is the quote for repair you have received?

That is important.

Quote for repair is around 5K, decided to claim insurance because in last two months I was involved in 2 accidents 1st - an auto guy hit my front bumper and this one. Both the occasion mistake was theirs and I do not know how many more idiots goin to bang!!!!!:-))))).

If the claim amount is less then I don't advice to claim as you should save money on insurance premium.

[aZa]

Sir ji, one question!

i have a month old getz crdi, the insurance is from Reliance. Now lastnight i noticed a crack in the windshield. The cost to replace one is 6-7K. I also have a santro which i will be selling very soon. The NCB on the santro is 50%. I haven't transfered the NCB on the getz yet. But i was planning to do it next year. Now with the getz windshield cracked , i wanted to know if i claim insurance then next year NCB from santro will get nullified ? or it will still be valid to be transfer on to getz ?

[rjvora_2000]

Originally Posted by aryashiv1

My car insurance of car getting over on 13 Nov. Want to renew it. There are no claims, what would be options & premiums for renewal of my insurance. My car is i10 sports Kappa, driven around 15000 Kms.

Sirji Please give more details like what is the IDV, NCB last year?, current year quote which is received from company? how many company did you have asked?

Originally Posted by aZa

Sir ji, one question!

i have a month old getz crdi, the insurance is from Reliance. Now lastnight i noticed a crack in the windshield. The cost to replace one is 6-7K. I also have a santro which i will be selling very soon. The NCB on the santro is 50%. I haven't transfered the NCB on the getz yet. But i was planning to do it next year. Now with the getz windshield cracked , i wanted to know if i claim insurance then next year NCB from santro will get nullified ? or it will still be valid to be transfer on to getz ?

Tricky question!!

You can claim in the current policy and then on next renewal give the Ncb letter of 50% which you will be getting on the sale of Santro from insurance company. So your current claim will be paid from insurer and next year you will get 50% discount in the premium also!!!

This is the logical answer which needs to be rechecked from insurance company also.

[Schnellster]

Thanks Rupesh. I understand NCB and discount now. Another trick question.
My insurance expires on 14th Nov and my current premium is 3500 and if I renew my insurance without any claim it is 3200 premium. Question is, if I renew at 3200 lets say tomorrow, and after that I want to claim my insurance before 14th nov, then

1. Will the insurance be claimed in the current policy?
2. Do I have to pay anything extra in for the renewed policy which I have already taken?
3. Will i get less compensation for the damage claim by as much as the NCB that was given to me in the new policy?

[rjvora_2000]

Originally Posted by Schnellster

1. Will the insurance be claimed in the current policy?
2. Do I have to pay anything extra in for the renewed policy which I have already taken?
3. Will i get less compensation for the damage claim by as much as the NCB that was given to me in the new policy?

Since you will be claiming in the current year, that is before the due date.
1. Claim will be in the current policy.
2. Yes you need to pay the Ncb amount.
3. While making payment, insurance company can deduct the Ncb amount.

I think if you search few pages behind you will see some post on this issue that some sales guy from insurance company had cheated like this to insured and after 2 or 3 year's that guy had to pay all the ncb together.

[vcash]

Hi Rupesh,
I just bought a used 2002 Palio in mumbai and the car is currently registered in Pune. The owner had not renewed his Royal Sundaram insurance and the car currently has no cover. Since a NOC is required to transfer the car in the Mumbai RTO, it will take 15 to 20 days to get the RC book stampped and transferred in my name.

In the meantime I would like to get TP or Comp insurance in my name so I can drive the car. Would I be able to do this? If not, what are my option.

Thanks!
V

[amit_mechengg]

my indica has been stolen. in the FIR the price mentioned is 2 lacs while on the insurance papers the IDV is 2.82 lacs. how much amount will the insurance company give me? the insurance is from icici lombard