![]() | #3586 | |
BHPian ![]() Join Date: Jan 2016 Location: NCR
Posts: 193
Thanked: 249 Times
| ![]() Quote:
If you want highest IDV, during the search (or refine) process on PolicyBazaar, manually enter the IDV of your choice and it will show quotes as per your desired IDV. It is generally better to go for insurance policies with cashless and locked/lost keys features. | |
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![]() | #3587 |
Senior - BHPian ![]() | ![]() Please dont get enamoured by the quotes which offer highest IDV. You will end up in over insuring your car. Calculate the correct IDV and get quotes accordingly. Use Policybazaar only for comparison of the quotes. When buying visit the Insurance co website online. When comparing quotes on Policybazaar, cross check if the features mentioned on their website is provided actually by the Insurance co. |
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![]() | #3588 |
BHPian Join Date: Jul 2012 Location: Pune
Posts: 89
Thanked: 76 Times
| ![]() I have a zero depreciation policy with ICICI Lombard since 2013 for my Harley Superlow. Recently I went through a pothole. Both the alloy wheels have a bend each at the lip, both about 2 inches long. I was advised by the service guys to claim insurance and have both replaced as there is a slight wobble when going over 100km/h. Also, I do long distance riding throughout the year and I was advised that a bent lip might lead to serious trouble. In the meanwhile, the rear fender was also hit by a two wheeler resulting in deformation below the tail light. Insurance surveyor says that my claim is denied as going through a pothole is not considered as an accident and also that the deformed fender is showing rust which means this happened long while ago. When I told him that I am aware that they have covered bent alloys earlier, and can give them details of other Harley owners whose claims they have settled, he said that they used to do it earlier, and now they don't!! He has told me over the phone that my claim is rejected. Cost of new alloys and fender is approximately Rs. 80,000. No, it's not a typo, Harley parts are priced exorbitantly high and that's the only reason why almost every Harley owner shells out a bomb for a zero depreciation policy. I guess I need to fight it out with ICICI. The question is how? |
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![]() | #3589 |
BHPian ![]() Join Date: Oct 2009 Location: Chennai
Posts: 166
Thanked: 74 Times
| ![]() Planning to get an insurance from Royal Sundaram for brand new Hyundai Creta. They said on their zero dep policy, we can do as many claims as possible (in contrast with 2 claims, then it becomes a normal policy). Does anyone here hold insurance from Royal Sundram can validate this please? |
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![]() | #3590 | ||
Senior - BHPian ![]() | ![]() Quote:
Quote:
The Last time I had policy from RS with zero dep add on cover, the limit to claims under the cover was two after which any claims would be treated as normal. | ||
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![]() | #3591 |
BHPian Join Date: Jul 2012 Location: Pune
Posts: 89
Thanked: 76 Times
| ![]() Had a chat with my agent who in turn spoke with the Insurance guys. Now, they are offering to let go of the "rust" issue and approve the rear fender claim but deny the alloy wheels claim. My agent told me that recently insurance companies have received a notification from IRDA that they have to only approve the last claim. Which basically means, if you go through 2 accidents in one day you can claim for only one of them. Tried searching for the notification, but no luck. I think its the usual BS. I think I will stick with the alloys claim and let go of the rear fender, which IMHO can be repaired. If not that, then I'm taking ICICI headon. |
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![]() | #3592 |
BHPian ![]() Join Date: Jan 2016 Location: Bangalore
Posts: 612
Thanked: 708 Times
| ![]() Hi Guys, Need some inputs. After following up for 1 month I have finally received NCB certificate from Oriental mentioning that I am eligible for 25% NCB based on my car insurance policy I had with them (I sold my car in the month of Sep 2015). My query is, my current insurance policy with Bajaj Allianz for Corolla is next due for renewal in the month of Sep 2016. Should I wait for next renewal to produce the NCB certificate or is there any way I can produce now and get the refund of excess amount paid on the insurance. Also just to add, I bought pre-owned Corolla in Sep 2015 and insurance policy was taken by the previous owner and I got the policy transferred to my name. Thanks in advance. Regards, KK |
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![]() | #3593 | |
Senior - BHPian ![]() | ![]() Quote:
Ideally you should have cancelled the Insurance on the car while buying and bought a new Insurance using the applicable NCB. This could have saved a good amount on the Insurance. Tip: In case (god forbid) you need to make the claim till you renew in Sept 2016, go ahead and do it. This way you can still use the NCB and save on the Insurance premium. | |
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![]() | #3594 | |
BHPian ![]() Join Date: Jan 2016 Location: Bangalore
Posts: 612
Thanked: 708 Times
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![]() I didn't knew that I can get NCB certificate when I was selling and buying car. Only after reading this thread I got to know and took one. Have one follow up question. I guess I cannot make a claim on pre-existing dents right. If I can claim for this by any chance I would wish to make a claim before renewal. | |
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![]() | #3595 | |
Senior - BHPian ![]() | ![]() Quote:
But then always there can be bigger dents close to the existing spots isnt it? ![]() ![]() | |
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![]() | #3596 |
BHPian ![]() Join Date: Jun 2010 Location: Hyderabad
Posts: 462
Thanked: 588 Times
| ![]() I might be getting home a Dzire Tour today. I have 2 queries: 1. My old car has 50% NCB which i plan to sell. Can i carry that NCB to my new car given that the old car is registered in my dad's name and the new car will be registered in my mom's name. Reason for registering on different names is in Telangana (and a few other states too) you have to shell out 14% of the ex show room price of the vehicle if you already have a 2 wheeler/ 4wheeler on your name. Else, it is 12%. 2. When i took insurance quotes online i got a quote with IDV almost half of the ex show room price of the car. No wonder the premium was less too. I have an option of going in for a nil dep add on cover over this. If i choose this policy will that be a good idea? I mean even if the IDV is less nil dep should ensure you get covered fully say a biker crashes into my rear door and that needs replacement. Am i right in thinking so? Look forward to replies soon as i need to finalize things in a few hours. Thank you. |
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![]() | #3597 | |
BHPian ![]() Join Date: Jan 2016 Location: Bangalore
Posts: 612
Thanked: 708 Times
| ![]() Quote:
NCB goes with the person and so it cannot be transferred to the new car if it is registered in another persons name. As I have known, IDV for a new car would be 20% lesser than the ex-showroom price. Going with half the ex-show room price as IDV is not advisable IMO. Also, please use online policy portals only to compare the policies and if you want to buy, call the company directly as you may get good deals. You will have the option of changing the IDV when you are buying a policy, even in the policy portals. | |
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![]() | #3598 |
BHPian ![]() Join Date: Nov 2010 Location: Chennai
Posts: 258
Thanked: 174 Times
| ![]() Insurance experts, I had posted a query regarding buying a new insurance in another thread. Not sure if that's the right place. Just posting the URL of my post http://www.team-bhp.com/forum/showthread.php?p=3913034 Can you please help? Mods: didn't realize of this thread and am unable to edit now. Please excuse |
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![]() | #3599 | |
Senior - BHPian ![]() | ![]() Pasting your query here: Quote:
1. Confirm with the dealer about the ex showroom cost of the car. Pls confirm if the ex showroom cost includes any local taxes too. Also get the details of the car such as engine no, chassis no. 2. Confirm with the dealer with which Insurance co do they have a cashless tie up. Note there is always an Insurance co which has a national tie up with the manufacturer (in your case Hyundai) which means that this Insurance co will have cashless tie up with all workshops across the country. (For eg Future Generali is the Insurance co for Fiat cars). 3. Once you get the information on the list of Insurance co's visit their websites and get a quote on the premium. Pls remember your IDV for the first year will be 5% less than the ex showroom cost. Also remember, most of the Insurance co do not have an updated database on the current ex showroom cost, hence ensure that IDV is manually entered if the calculated IDV on the Insurance website is incorrect. Compare the quotes and take an informed decision. 4. Once all the required information is entered online and payment made, the cover note is generated. Note that on the cover note there is no mention of the registration details. 5. Hand over the Insurance cover note to dealer to proceed with the registration. Hope this helps. | |
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![]() | #3600 | |
BHPian ![]() Join Date: Nov 2010 Location: Chennai
Posts: 258
Thanked: 174 Times
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My dealer is not very open to talk about other insurance providers - and just says that I'll not be able to make a cashless claim. Any idea how good/bad would National, NewIndia or TataAIG be with respect Hyundai service? Same as my above point - dealer is claiming that the insurance policy itself is mandatory for going for registration. And cover note wouldn't suffice. I've got good quotes from National (15k) & NewIndia (17k) and the former is also ready to give me the insurance policy then & there. Not sure on which one to go for as I'm not very sure about their claim settlement and if they would provide cashless options. Tata AIG quoted ~20k and am negotiating with them too. | |
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