Criteria for making an insurance claim?

srh · 16th February 2008, 18:37

My parked car (Indica Xeta GLS - Jul 06 purchase) got damaged with a medium sized dent on the front left door. The rubbing strip also got detached and stolen. I have comprehensive insurance, but has a Rs. 500 compulsary deductible, 50% depriciation on rubber/plastics and depriciation as applicable.

I wanted to know if making a claim is advisable. I have 2 considerations. If I make a claim, I pay a Rs. 500 deductible and other expenses due to depriciation. I would also miss the no-claim bonus for subsequent years. If I do not make the claim and repair it myself, I will have to pay the entire cost. What is the break even point between these two. What minimum amount of insurance claim should one have to make it worthwhile? Anyone can please advise?

Please send me a PM

markmytravel · 15th October 2011, 00:17

Someone scrapped my car yesterday in the parking lot. There are dents in the driver side doors. I want to know how to claim insurance for this. Someone told me I can go for self-claim or something and will not need to file an FIR. Is that correct, do we need FIR for making claims.
What should I take it forward?

ethanhunt123 · 15th October 2011, 02:19

Self claim should work. Just say you scraped the car while parking. No need for FIR.

16th February 2008, 18:37	#1
srh BHPian Join Date: Jun 2007 Location: Bangalore Posts: 537 Thanked: 676 Times	Criteria for making an insurance claim? My parked car (Indica Xeta GLS - Jul 06 purchase) got damaged with a medium sized dent on the front left door. The rubbing strip also got detached and stolen. I have comprehensive insurance, but has a Rs. 500 compulsary deductible, 50% depriciation on rubber/plastics and depriciation as applicable. I wanted to know if making a claim is advisable. I have 2 considerations. If I make a claim, I pay a Rs. 500 deductible and other expenses due to depriciation. I would also miss the no-claim bonus for subsequent years. If I do not make the claim and repair it myself, I will have to pay the entire cost. What is the break even point between these two. What minimum amount of insurance claim should one have to make it worthwhile? Anyone can please advise? Please send me a PM Last edited by srh : 16th February 2008 at 18:43.
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15th October 2011, 00:17	#2
markmytravel BHPian Join Date: Dec 2010 Location: Bangalore Posts: 103 Thanked: 13 Times	Insurance claim process? Someone scrapped my car yesterday in the parking lot. There are dents in the driver side doors. I want to know how to claim insurance for this. Someone told me I can go for self-claim or something and will not need to file an FIR. Is that correct, do we need FIR for making claims. What should I take it forward?
	() Thanks

15th October 2011, 02:19	#3
ethanhunt123 Senior - BHPian Join Date: Aug 2006 Location: Bangalore Posts: 1,384 Thanked: 1,033 Times View My Garage	Self claim should work. Just say you scraped the car while parking. No need for FIR.
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