Flood-damaged car: Insurance company wants me to sign on affidavit? Hi Folks,
Need urgent advice. My car, Honda City, got submerged in my apartment complex during the rains on September 4th in Bangalore.
It's more than 50 days since the incident but there has been no tangible progress. From what I gather, such rain affected cars where the estimate is more than the IDV, the insurance companies through their network have the cars listed on the car trader's website auction. It then goes to the highest bidder. What I find unethical is that the insurance, let's say Y for now company (withholding the name for now) wants me to give an affidavit stating that I have found the buyer at XXX price and then Y will pay the balance of the IDV and also basically absolve them of all responsibilities. I found this strange as I have had no contact with the buyer. I was assured that it's the industry practice and everyone does the same. Was also given to understand that the buyer would salvage the parts.
After 2 false starts, status quo remains and the buyer who was supposed to buy backed out and said that the dealer workshop where I had the car towed is insisting that as per Honda's instruction, it is recorded that the car is flood affected. I do not find anything wrong in this.
I did not get the car repaired outside at a much lower cost when I could have due to the fear of recurring problems, and I certainly do not feel comfortable that someone coughing up 9 lakhs or so is made to suffer through this devious exercise.
What options are available for me? I have already sent them a mail that I do not wish to give an affidavit anymore stating that I had found a buyer. My only dealing will be the insurance company and they need to either close it from their end or give me in writing as to why the claim will not be honoured. It looks like it will be long drawn affair, have to continue EMI payments for a car that I do not have and I have to pay for the new car as well.
Last edited by libranof1987 : 25th October 2022 at 08:00.
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