![]() | #5191 |
BHPian Join Date: Oct 2009 Location: Chandigarh
Posts: 54
Thanked: 122 Times
| ![]() So that time of the year when car insurance is due for renewal. Car is 10 years old so am not getting zero depreciation insurance now (had it all these years). Given that zero dep is going away, are there any specific covers that I should be looking for when purchasing insurance? At the moment Tata AIG is offering covers as Accidental Damage Cover, Liability to Third Party, Theft & Fire Cover and Repair of Glass, Fibre, Plastic & Rubber parts. This is under comprehensive plan. Is the above list of covers enough or anything should be added? RSA is not mentioned here and I am not seeing any option to add that so will probably call up Tata AIG and check if that can be added. Also, can I have the IDV in the renewed policy as being higher than IDV in current policy. Current policy is from Iffco Tokio with IDV of INR 2,27,280/-. Tata AIG is giving a higher IDV of 2,42,000/-. I have always veered towards a higher IDV ever since a friend's car was stolen a few years ago and IDV was the value paid out. Does it make sense to go for engine protection cover, assuming it is available for old cars? EDIT: This is not available for old cars, is only available for cars which are upto 3 years old, not beyond 3 years. This was confirmed by IffcoTokio representative with whom I spoke few minutes back. Cheers, S Last edited by sukhoi : 5th May 2022 at 12:21. Reason: Added details for engine protection cover |
![]() |
|
![]() | #5192 |
Senior - BHPian ![]() Join Date: Oct 2021 Location: Bengaluru
Posts: 1,022
Thanked: 1,033 Times
| ![]() |
![]() | ![]() |
![]() | #5193 |
Newbie Join Date: Jan 2017 Location: Gurgaon
Posts: 4
Thanked: 4 Times
| ![]()
Please get it changes immediately through coverfox. There is a window when it can be done. I am going through a big ordeal where my car has been lying with the workshop for over 3 months now and the insurance company is denying to process the claim because of the exact same reason. Saying that I have tried to commit fraud. This, despite the fact that I had my insurance renewed 10 days before the old policy had expired. |
![]() |
![]() | #5194 | |
Senior - BHPian Join Date: Mar 2007 Location: Kolhapur
Posts: 1,636
Thanked: 1,595 Times
| ![]() Quote:
| |
![]() |
![]() | #5195 |
BHPian Join Date: Dec 2010 Location: Mumbai
Posts: 49
Thanked: 34 Times
| ![]() My VW Tiguan HL is currently insured with HDFC Ergo (vehicle purchased in 2018 and insuared by them from the date of purchase). Last year I had a claim of 45K and now for the reenewal they are asking for a ridiculous premium of 112,662 for an IDV value of 18 lacs. Is this normal? Last year premium paid was about 39K for an IDV value 20 lacs with Zero Dep, Enigine and Gear box protection, NCB Protection etc. Last edited by AjiGTI : 10th May 2022 at 17:05. Reason: spelling |
![]() |
![]() | #5196 | |
BHPian ![]() Join Date: Jun 2009 Location: mumbai
Posts: 373
Thanked: 644 Times
| ![]() Quote:
![]() | |
![]() |
![]() | #5197 |
BHPian Join Date: Dec 2010 Location: Mumbai
Posts: 49
Thanked: 34 Times
| ![]() |
![]() |
![]() | #5198 | |
BHPian ![]() Join Date: Jun 2009 Location: mumbai
Posts: 373
Thanked: 644 Times
| ![]() Quote:
Btw, how old is your car? I think only SBI offers in the sixth year, rest all offer zero dep only in the first five years. | |
![]() |
![]() | #5199 |
BHPian Join Date: Dec 2010 Location: Mumbai
Posts: 49
Thanked: 34 Times
| ![]() My car is 4 years old and entering its fifth year. I have approached an insurance broker to see if something can be done with any biggies. Most of the aggregators are not offering zero dep. One learning from the process is the computer-driven quotes don't make any distinction between the type of claim, in my case, it was a minor mishap and a scratch painting job. Even then my premium has been jacked up by HDFC Ergo even though I have stayed with them for four years. For the same reason, others deny the Zero Dep. I have also learned from a broker that HDFC Ergo has this habit of jacking up the premium for VW type of cars as per ageing even if there are no claims. |
![]() |
![]() | #5200 | |
BHPian Join Date: Oct 2020 Location: Bangalore
Posts: 448
Thanked: 391 Times
| ![]() Quote:
Last edited by Aviator_guy : 11th May 2022 at 11:07. | |
![]() |
![]() | #5201 | ||
BHPian Join Date: May 2009 Location: Chennai
Posts: 229
Thanked: 47 Times
| ![]() Quote:
Quote:
Last edited by Crank : 15th May 2022 at 07:41. Reason: Adding additional details | ||
![]() | ![]() |
|
![]() | #5202 | |
BHPian Join Date: Dec 2010 Location: Mumbai
Posts: 49
Thanked: 34 Times
| ![]() Quote:
I will check this, ICICI Lombard is also showing the same on their website but when I tried purchasing they said Zero dep is not available. | |
![]() |
![]() | #5203 |
Senior - BHPian ![]() Join Date: Jan 2014 Location: Bangalore
Posts: 1,560
Thanked: 3,479 Times
| ![]() Time to renew insurance for my Ignis purchased in 2017. The Zero dep options have reduced. Looking at quotes from the following three:
Any feedback on Future Generali? Royal Sundaram does not offer Engine Protect and hence leaning towards Future Generali and Reliance. Which is better between Future Generali and Reliance? Last edited by vsrivatsa : 24th May 2022 at 22:00. |
![]() |
![]() | #5204 |
BHPian ![]() Join Date: Feb 2018 Location: DL
Posts: 162
Thanked: 596 Times
| ![]() So i was checking insurance quotes on multiple sites for Activa which was purchased last year and i am a little bit confused as when i check on policybazaar there were no add ons like Engine cover, RTI or RSA but when i checked on insurance dekho website they were offering all of the addons and Chola MS was giving all the addons but when i checked on Chola MS's website for the same no add ons were available. So are these addons only available to 4 wheelers or the InsuranceDekho website is correct or is this some sort of new scam. Kindly advise. |
![]() |
![]() | #5205 |
Newbie Join Date: May 2022 Location: Agartala
Posts: 2
Thanked: 13 Times
| ![]() Hello, I recently got a pre owned Ford Aspire 1.5 Ti-VCT AT 2016 make with 45k on odo. Car insurance was expired and I got a new insurance from ACKO for around 11k. Opted for zero-dep + engine and gearbox cover since DCTs are known to be unreliable. I wanted to know whether we can get a claim in case of gearbox failure during normal running or does the gearbox have to be damaged in an accident? |
![]() |
![]() |