![]() | #3016 | |
Senior - BHPian ![]() | ![]() Quote:
Regarding Bumper to bumper cover (generally known as zero dep add on cover) plastics are covered 100% along with consumales, fibre, metal, rubber parts. This is purely on my recent discussion with one of the Insurance co. The terms may differ for each insurance co. Enquire with the Insurer as to what are included & excluded before taking a call. The Glass Parts are insured 100% in insurance policy without any depreciation whatever be the age of car and whatever be the type of insurance Last edited by Technocrat : 29th May 2014 at 21:46. Reason: Updated as per request | |
![]() | ![]() |
|
![]() | #3017 |
Distinguished - BHPian ![]() ![]() Join Date: Aug 2006 Location: Bangalore
Posts: 4,707
Thanked: 13,022 Times
| ![]() A recent insurance quotation I received from TATA AIG for a Ford Figo 2012 June Titanium Diesel in Bangalore. This is a used car that I purchased recently. He has given me a Pearl Plan Package which includes the following: Repair of glass,rubber and plastic parts; NCB Protection*; Loss of personal belongings; Emergency Transport and Hotel Expenses; Key Replacement; Depreciation Cover. Seems insanely high. I have not asked for competing quotes yet. |
![]() |
![]() | #3018 |
Distinguished - BHPian ![]() ![]() Join Date: Nov 2013 Location: Coimbatore
Posts: 2,545
Thanked: 14,727 Times
| ![]() Hi, I purchased a Jetta a couple of months back and have the insurance from Bajaj Alliance. I had a Hyundai Getz before this and had a 50% NCB on this insurance from Royal Sundaram. I got the 50% NCB certificate from Royal Sundaram last week. How do I use this NCB certificate? Will I be able to submit this certificate to Bajaj alliance and get a refund for this year itself or will I be able to get the benefit of the NCB while renewing the insurance next year. Thanks in advance for all the pointers. |
![]() |
![]() | #3019 | |
Senior - BHPian ![]() | ![]() Quote:
| |
![]() | ![]() |
![]() | #3020 | |
Distinguished - BHPian ![]() ![]() Join Date: Nov 2013 Location: Coimbatore
Posts: 2,545
Thanked: 14,727 Times
| ![]() Quote:
I have a couple of follow-up questions. The premium I paid for Jetta is 81k. Will there be a 50% reduction in premium next year for the 50% NCB? Also, recently I got a scratch and dent on the door that may require a paint job (hopefully not a door replacement) If I claim insurance, I will lose the NCB. What is the cost threshold below which I should pay for the repairs from my own pocket? Thank you once again for the guidance. | |
![]() |
![]() | #3021 | |
Senior - BHPian ![]() | ![]() Quote:
If the repair cost is more than the NCB amount saved, then you need to claim insurance. But in your case I dont think that the repair cost will exceed 10K. Hence pay from the pocket as of now. This cost can be reduced if you take it to a well known FNG. See if you can live with the scratch till next year so that you get the repairs done after claiming the 50% NCB discount. | |
![]() | ![]() |
![]() | #3022 | |
Distinguished - BHPian ![]() ![]() Join Date: Nov 2013 Location: Coimbatore
Posts: 2,545
Thanked: 14,727 Times
| ![]() Quote:
I can live with the scratch for maybe a few more weeks till I can make an informed decision, but a year may be too long as the damage is quite severe. I am taking the car to the workshop tomorrow to assess the damage and the cost of repairs. I will update the thread once I have more details on the cost of repair. I will also consult a FNG that I used for a paint job on my previous car and see what they say. | |
![]() |
![]() | #3023 |
Senior - BHPian Join Date: Jul 2008 Location: Bangalore
Posts: 2,091
Thanked: 707 Times
| ![]() Apart from Bajaj Alliance which all providers give Engine protection Plan ? My policy for Honda Amaze is from Royal Sundaram and last year this option was not there. I saw the Engine protection option on website of Royal Sundaram now but RS has not responded on if they will add this option during renewal or not. Existing Royal Sundaram Policy has return to Invoice Value option which costs some 2K Rupees , suppose if I have to move to another company say Bajaj for the sake of Engine protection then I will have to forgo return to invoice value option. So what is the suggestion ? How useful is return to invoice ? |
![]() |
![]() | #3024 | |
Senior - BHPian ![]() | ![]() Quote:
Return to Invoice add on is helpful only in case of car getting totalled or stolen. IMO it is not required but you can buy it for that "Additional" peace of mind. I wouldnt suggest Engine protection either unless you drive in frequent water logged areas where chances of water ingress is very high enough to damage the engine. | |
![]() | ![]() |
![]() | #3025 | |
Senior - BHPian Join Date: Jul 2008 Location: Bangalore
Posts: 2,091
Thanked: 707 Times
| ![]() Quote:
I thought that engine protection may be useful in case of low slung cars. | |
![]() |
![]() | #3026 | ||
Senior - BHPian ![]() | ![]() Quote:
Quote:
Last edited by ghodlur : 13th June 2014 at 13:15. | ||
![]() | ![]() |
|
![]() | #3027 |
Senior - BHPian Join Date: Jul 2008 Location: Bangalore
Posts: 2,091
Thanked: 707 Times
| ![]() Finally purchased from Bajaj Alliance with 24x7 SPOT ASSISTANCE,Depreciation Shield,Engine Protector. Earlier I was with Royal Sundaram but moved because engine Protector was not there. RS was with return to Invoice value in case of total loss or theaft Since engine sump hit has higher probability in Amaze and Honda engine work is costly I thought it is a better choice over return to invoice value option. Initially I paid using credit card on website then I received a call from a sales team member and he told he can't offer discount now which he was going to offer as I have already purchased , So I cancelled the policy purchased earlier and purchased again with the discount offered by using the quote given by sales guy Money will be refunded in 48 to 72 hours. So guys after you have filled in details on website just wait for them to call and offer you last minute deal ![]() |
![]() |
![]() | #3028 |
BHPian Join Date: Jan 2005 Location: bangalore
Posts: 44
Thanked: 4 Times
| ![]() Hi, I have an existing car insurance from TATA AIG which is expiring on 2 July. I took the Auto Secure Private car package policy and paid a premium of Rs 53558 last year in 2013. Recently I got a renewal notice from TATA AIG for Rs 38515.04. Now my question is should I go for TATA AIG or is there a better option. IDV FOR 2014 is Rs 1466800 No claim taken in 2013. Kind regards |
![]() |
![]() | #3029 |
Senior - BHPian ![]() | ![]() Renewed my Figo's insurance with Bajaj Allianz. Got the Ford free insurance from United India when I bought the car last year and paid 4k to make it '0' dep. Their renewal quote was 18.5K, while Bajaj came to 16.5k with '0' Dep. + engine protector. |
![]() |
![]() | #3030 |
Senior - BHPian ![]() | ![]() My bhua recently bought an Audi A6. She told me they got an insurance for the engine seize due to water effect as well with their regular insurance and it's been offered by few banks now. I just want to confirm if this is possible to avail for the new City I am buying next week. Or, it is only offered for premium cars. |
![]() |
![]() |