Insurance Blues MODS: I don't know if this is the right forum to post this. If not, please move it to appropriate section. Thanks.
Friends,
Have to report a scary situation concerning insurance of the vehicle. On Sunday, 13th July I went to Sushant Lok in Gurgaon to my accessories guy to get the upholstry of my Safari done; have to keep the wifey in good humour too. This work was to take at least 4 hours, so I decided to get a pedicure and a haircut at my regular saloon. Since the Safari was opened up, I took the Maruti 800 of the shopowner to go to the saloon. Unfortunately near Hamilton Court at the police barrier, I was stopped and was asked for the car papers, licence and PUC. All these papers were in the glove box and I removed and showed. Now, the interesting part. I saw the PUC before handing over and saw the validity date as 13...08. So, I thought the validity was on for that day. The cop also looked at it and said - "aaj, aaj ke liye valid hai". I respond - "haan ji". Papers handed back and I'm on my way to the saloon. But something was wrong and was bothering me. After I parked the car, I took out the PUC again and looked at the date. It read - 13 June, 2008. Phew, it had expired a month ago. Well, I got my body pampered and then went straight to get a new PUC for the 800.
This prompted me to check the PUC of my both trucks. Since I was in the Safari, I checked and found that to be valid till 19th July, 2008. I thought I'll check that of Scorpio on Monday enroute to office.
On Monday while driving to office I nearly forgot and checked the PUC at a signal. This too was valid till 19th July, 2008. While removing the PUC from the folder, a white paper also fell down and when I picked up to put it back I found it was the Insurance on opening. Now the horror story starts. The Insurance had expired on 11th Ma, 2008..!!! Now the panic set in, the vehicle that was cruising at 60+ kmph, fell down to 35 kmph, the hazard lights switched on and driving carefully on the extreme left. reached office and placed a call to my agent immediately, explained the situation and then blasted him for not reminding me in time or sending notice. He said that all his data in his comp got erased when his HDD crashed hence he couldn't remind me and also he thought that the company would send me a reminder. Now I recalled what had happened with a friend who owned a Scorpio; his insurance company did not send a reminder since they had removed Scorpio from the insured list of vehicles; the same happened with me also and the Scoprio is out of the list in IFFCO-TOKIO.
But my agent, who was out of town, said that he was on his way back to Delhi and that he would get this revived without any loss to me. I was very sceptical and waited till today with bated breath. The drive back to home yesterday evening was the same way and then to office this morning was ata comfortable speed because I left home at 7:30 am to avoid traffic and mishaps.
Reached office safely, and waited for my agent. He arrived at 11 am and took a copy of the old cover note and a blank crossed cheque in favour of IFFCO-TOKIO. At 2 pm a guy from Insurance company came for inspection and took several photographs of the vehicle from various angles. The cover note was issued at 2:40 pm and I am relieved. Now the nitty-gritty.
Last year I paid a premium of Rs.25,915/- where the IDV of my vehicle was assessed at Rs.4,35,000 and other electricla accessories were valued at 55,500/-.
The current cover note mentions the IDV at Rs. 3,90,000/- and I got the electrical accessories removed and the premium paid was Rs. 17,379/- with 20% NCB.
My vehicle is a 2004 Scorpio GLx. Is the valuation correct or to put it differently, is the current market rate of this model this much? |