[naveendhyani]

dont really know how insurance works when payback time comes. have heard that the plastic and glass parts are paid only 50%. holy crap. squeezing money out every year and then not paying up full for a 12k bumper or tail light. guess thats the reason people here prefer putting tape on their tail lights instead of a new light. i m sure this is not how it wud work out in US or ny other country. if something has broken in an accident it should b paid by the company. what do u say?

[Rtech]

dont really know how insurance works when payback time comes

Payment can come anytime within 7 days or even 3 months, depending on the agent, the company and the actual case itself. However, with more companies offering "cashless" tieups with garages, there may be instances where you simply pay a small amount as depreciation and get your car back. Though, this is easier said than done!!

have heard that the plastic and glass parts are paid only 50%.

You get 100% for glass. But only 50% for any plastic item. Yes, this is a crazy rule, but you must also understand that in India, with the fixed premium, all insurance companies are loss making companies. Hence, this rule was introduced in the late 90's to minimise their losses (or something to tht effect).

In the US, the serivice offered is far superior, however, the price you pay for that is much higher as well. And if you are under 25 years, you can practicaly forget about owning anything close to a sports car, even though you can actually afford the car!

[shuvc]

Isn't there a thread dedicated to Insurance and stuff ?

[naveendhyani]

Originally Posted by Rtech

You get 100% for glass. But only 50% for any plastic item.

do the head lights, tail lights and rear view mirrors come under glass or plastic?

[Rtech]

do the head lights, tail lights and rear view mirrors come under glass or plastic?

All modern vehicles come with plastic lens for the head/tail lights. As far as the wing mirror, well the housing is plastic and only the actual mirror is glass (which is worth maybe Rs.50-100!). So there's your answer.

It doesn't stop there though. Even on items that are a mix of plastic and metal, they look at the percentage of plastic and will, in most cases, only give you 50%.