![]() | #3811 | |
BHPian ![]() Join Date: Jul 2008 Location: Noida, NCR
Posts: 585
Thanked: 282 Times
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A friend who owns a Renault car has insurance from one of the PSUs. Inspection took close to a week at Renault authorised workshop in Okhla, south Delhi. Private companies like Tata AIG do it next working day. Moreover, he has to get it reimburshed. | |
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![]() | #3812 |
Senior - BHPian ![]() | ![]() Hey guys, My insurance is up for renewal and I am debating if I should get BMW Secure again or not. I am most worried about the tires and alloys more than anything else and the people at workshop are dilly dallying when I asked them about how good are other insurance providers (I am using ICICI + Secure), I bought secure mostly for alloy wheel damage but they didn't help me when I needed it and had to get a minor bend repaired. Is BMW Secure a scam just to get people to whip out more money? I've been hearing that insurance covers alloy and wheel damage but can't find definite wordings anywhere. |
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![]() | #3813 | |
Senior - BHPian ![]() | ![]() Quote:
Earlier a few Insurance cos would provide the Alloys and Tyres as separate add on cover but it is discontinued now. | |
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![]() | #3814 | |
Senior - BHPian ![]() | ![]() Quote:
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![]() | #3815 |
BHPian ![]() Join Date: Jun 2007 Location: Delhi
Posts: 132
Thanked: 35 Times
| ![]() My Tata Zest insurance is due this month. I got a call from showroom for renewal & they are asking 19k for renewal. When I inquired about buying the insurance cheaper on my own from the same insurer, they promptly replied sir you will not be able to go for cashless in this case. Is this true? Can someone guide on the best way to renew the insurance? The showroom only has tie-up with Public Insurance companies (NIC, OIC, NIA) Though the insurance is due at the end of month, I want to renew within next 6-8 days. Is it advisable? Thanks. |
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![]() | #3816 | |
Senior - BHPian ![]() | ![]() Quote:
1) Get to know with which Insurance co does the workshop has a cashless tie up. 2) Get online quotes from the above Insurance co. Compare line to line. 3) Check with workshop which of the above Insurance co has a good claim processing record. Take an informed decision. | |
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![]() | #3817 |
Senior - BHPian ![]() Join Date: Sep 2014 Location: Chennai
Posts: 4,075
Thanked: 7,132 Times
| ![]() The dealership's insurance guy is having him on in the hope of making a commission out of the sale. Forget him. As for online quotes please don't use those price comparison portals, they will send your details to every single insurance agent out there and you will be deluged with calls. As they use nationalized insurers - pick any one of them you like, and stick with them (especially for other insurance as well, mediclaim, homeowner etc etc). If you build up a relationship with their local staff at a nearby office that is even better / faster. I have used New India Assurance for over fourteen years now and am quite happy with their service and support. |
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![]() | #3818 |
Distinguished - BHPian ![]() ![]() Join Date: Apr 2011 Location: KL-2/KL-7/GA-06
Posts: 1,092
Thanked: 4,203 Times
| ![]() I have a doubt. Scenario as below: - 1. I have valid insurance of (say) ICICI which will expire on (say) 20 Oct 16. 2. I buy insurance online (say) in advance from another company (say) Royal Sundaram on 13 Oct 16. 3. I utilise the existing (say) 35 % NCB during purchase of my new insurance. 4. On (say) 14 Oct 16, I have an accident and produce my car for claim with the existing insurer (ICICI) 5. Claim is cleared and I get my car back. Now, my question: What happens to the NCB (35% in this case) which I have already availed whilst buying the new insurance? I have already taken NCB for the new policy. However, I have made a claim. |
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![]() | #3819 | |
BHPian ![]() Join Date: Jan 2016 Location: Bangalore
Posts: 612
Thanked: 708 Times
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KK | |
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![]() | #3820 | |
Distinguished - BHPian ![]() ![]() Join Date: Apr 2011 Location: KL-2/KL-7/GA-06
Posts: 1,092
Thanked: 4,203 Times
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![]() | #3821 | ||
Senior - BHPian ![]() | ![]() Quote:
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But I have a different opinion. RS (say) will come to know of the claim made in previous year only when you make a claim with RS or during renewals. Before that they would not be bothered to know about your claims in previous year. So there is no one stopping you from sitting quiet. As KK mentioned, once RS gets a whiff of the claim in previous year, they will not only ask you to refund the NCB amount claimed but also impose a higher premium for the IDV. Which means you pay NCB amount + difference in the premium amount. So even if you have a claim free year, you could be eligible for 20% NCB during renewal next year. | ||
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![]() | #3822 |
Senior - BHPian ![]() Join Date: Sep 2014 Location: Chennai
Posts: 4,075
Thanked: 7,132 Times
| ![]() They might even cancel your policy and informally blacklist you from becoming a customer. In which case you would find other policies you hold with Royal Sundaram also getting affected by this. Be honest, there isn't much to lose by that. |
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![]() | #3823 | |
Distinguished - BHPian ![]() ![]() Join Date: Apr 2011 Location: KL-2/KL-7/GA-06
Posts: 1,092
Thanked: 4,203 Times
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I do not have any damage to my car to claim (touch wood ![]() | |
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![]() | #3824 |
BHPian Join Date: Aug 2007 Location: Paradise (wish it was)
Posts: 370
Thanked: 177 Times
| ![]() I have a 50% NCB from my old car sale (in Oct'15). I bought this used car in Nov and finally completed the registration process in Dec'15. The insurance was till Oct'16 and didn't want to waste it. Hence, got it transferred to my name by paying up a small sum then. Now, can I use my 50% NCB to renew the insurance (of the used 2013 model car I purchased last year)? I am told by a friend that I cannot use it for a used car insurance (renewal). So, is it possible for me to use this 50% NCB certificate to save on my current car's insurance renewal? Thanks |
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![]() | #3825 |
Senior - BHPian ![]() | ![]() Absolutely, you can use your NCB accumulated till date during the renewal of your car insurance. Tell your friend, the NCB goes with the owner and not with the car. |
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