![]() | #3871 |
BHPian ![]() Join Date: Oct 2014 Location: Cochin
Posts: 70
Thanked: 26 Times
| ![]() I have an hdfc ergo nil depreciation insurance on my XUV 500. My car has met with two separate incidents resulting in scratches and dents on right side driver door and left side passenger door. While claiming for insurance the workshop asks me to do two separate claims. So I will have to pay the Rs. 2000/- mandatory deduction, twice. Is this the normal/standard practise? Why isn't this treated as a single claim? Well there be any impact if I do a multi claim? Are there any other issues that I should be worried about while claiming insurance and getting repair done (this is my first experience)? NB: I have unlimited nil depreciation claims, so doesn't affect me much. But if there was a limit (usually 2) on the number of nil depreciation this will affect the future claims as well. |
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![]() | #3872 | |
Team-BHP Support ![]() Join Date: Sep 2010 Location: All over!
Posts: 5,956
Thanked: 11,465 Times
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Can the damages be explained in some way to have happened in the same accident? If so, push for a single claim. | |
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![]() | #3873 |
Senior - BHPian ![]() Join Date: Sep 2014 Location: Chennai
Posts: 4,612
Thanked: 8,567 Times
| ![]() A typical insurance claim will cover only one incident at one time. So unless you are able to successfully claim that you got yourself sandwiched between two vehicles and that resulted in those two scratches on either side .. you're out of luck getting both claims processed. Besides zero dep or not you are going to get a big NCB hit + raised premium Check for yourself what the cost of painting is, and what the cost is if you go to an independent garage rather than a dealer's service centre. And then see whether this cost can't be paid by you rather than taking the ncb hit and paying extra premium, which will cost you a lot more. |
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![]() | #3874 | |
Senior - BHPian ![]() | ![]() Quote:
The impact of one or more claim is NCB becoming zero during next renewals with jacked up premium. The only other issue which you need to be aware is whether the zero depreciation add on cover from the Insurer allows multiple claims in any policy year. Most Insurance co allow 2 claims per policy year under zero dep add on. | |
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![]() | #3875 | ||
Senior - BHPian ![]() | ![]() Quote:
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2. This is standard practice, unless you can justify something like hserus's quote above. 3. Again as per above points. There won't be any impact on multi-claims, only multiple deductions and NCB getting zero and premium discount getting reduced. 4. Just make sure all the damages/issues however small and miniscule on respective sides falling under respective claims are meticulously noted by insurance surveyor, advisor and totally covered in claim as per the the coverage policy, and when the work is completed, they are completely done to your satisfaction covering all the issues falling under all the claims, otherwise, you will be loosing your hard earner NCB and discount for nothing. Additionally, if there is doubt that the part may not be restored to the satisfaction post repairs, stress upon and get approved for replacement of respective part at the time of claim processing/survey only. 5. Not at all, other than your NCB and future discounts. Last edited by parsh : 28th December 2016 at 20:33. | ||
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![]() | #3876 |
Senior - BHPian ![]() | ![]() Hello, I had crashed my 8month old Renalut Kwid and submitted all the documents to the insurance provided United India Insurance at Coonoor. FIR, estimate and all documents and pictures as required by the insurer. The car was deemed total loss. Papers were submitted on 8th October and they even asked for my hospital bills which totalled to 1.25L. Do you think the insurance will cover my hospital bills too? I wasn't aware of this. Now the insurance people want me to get an NOC from the financier and sign a ₹100 bonded paper. Is this all required? Shouldn't the insurer pay out without the NOC from the financier? Nevertheless this is the last time I opt for insurance from a public company. Attitude is lax and they give a damn Benny Last edited by beejay : 29th December 2016 at 17:40. |
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![]() | #3877 |
Distinguished - BHPian ![]() ![]() Join Date: Oct 2013 Location: Bangalore
Posts: 1,756
Thanked: 5,238 Times
| ![]() I have been going through various insurance quotes and Royal Sundaram quote mentions that Zero depreciation cover also includes coverage for consumables and their road side assistance covers everything from stay, commute and legal aid if required. Can anyone here confirm/deny the above based on their experience with RS? |
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![]() | #3878 | |
Senior - BHPian ![]() | ![]() Quote:
IMO Road side assistance from RS does not come with stay, commute and legal aid. For that matter most of the Insures do not provide it. the RSA is purely for the assistance of the car if there is a breakdown. The stay, commute are usually provided as a separate add on cover. Take an informed decision. | |
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![]() | #3879 |
Senior - BHPian ![]() | ![]() I am now the proud owner of an einsurance account How do I ensure that my car insurance gets captured in this eia when i renew it next year? |
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![]() | #3880 | |
Senior - BHPian ![]() | ![]() Quote:
E-Insurance hasn't gained that importance as of now but going forward it may be come mandatory. | |
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![]() | #3881 | ||||
Distinguished - BHPian ![]() ![]() Join Date: Oct 2013 Location: Bangalore
Posts: 1,756
Thanked: 5,238 Times
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Last edited by procrj : 12th January 2017 at 08:43. | ||||
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![]() | #3882 | |
Senior - BHPian ![]() | ![]() Quote:
As per the MV act, the IDV should be calculated on the basis on the current ex showroom rate for the model/variant of the car but since most Insurance co do not have their data bases updated, they still agree to the most widely accepted practice of reducing IDV by 10% of the last year's IDV while renewing. If the IDV calculated matches mostly with the MV act calculation, then it is OK. | |
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![]() | #3883 | ||
Distinguished - BHPian ![]() ![]() Join Date: Oct 2013 Location: Bangalore
Posts: 1,756
Thanked: 5,238 Times
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![]() | #3884 | |
Senior - BHPian ![]() | ![]() Quote:
![]() The Key is the "List Price" - which usually keeps going up. So a car which was say INR 500 K in Feb 2015 as list price and the similar model has a list price of say 550 K now, then the Insurer is bound to accept 550K less 20% (as per the IDV schedule) as the IDV Current List Price (on location) + Value of Accessories (if any) less IDV Depreciation slab applicable is usually accepted as IDV by "reasonable" insurers - especially so in case of "good insured" (to be read as one with a claims free record of some sort or the other) Trust this clarifies Best Regards & Drive Safe Ram | |
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![]() | #3885 |
BHPian Join Date: Aug 2010 Location: Bangalore
Posts: 375
Thanked: 1,027 Times
| ![]() This is the season like every year, when insurers are warming up to make the insurance premiums increase by convincing the IRDA about all their losses. They have started floating stories in the media. Headline Motor insurance cos likely to report steep losses of over 150% Link |
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