![]() | #571 |
Senior - BHPian ![]() | ![]() my indica has been stolen. in the FIR the price mentioned is 2 lacs while on the insurance papers the IDV is 2.82 lacs. how much amount will the insurance company give me? the insurance is from icici lombard |
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![]() | #572 | ||
Senior - BHPian ![]() Join Date: Mar 2008 Location: Mumbai/Mulund
Posts: 1,658
Thanked: 55 Times
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They should and they have to make you the payment in full. | ||
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![]() | #573 | |
Senior - BHPian ![]() | ![]() Quote:
http://www.team-bhp.com/forum/street...en-panvel.html the driver narrated the incidence. the police himself wrote the value as 2 lacs. later on in the tensed situation i dint read the entire details and got the FIR as it is to pune. now my dad pointed out that the amount written is 2 lacs. then i checked the insurance papers. its written as 2.82 lacs. i have registered a claim over the phone and i have got a motor claim number. now the insurance agent will call me up and get me through the next procedure. what all do i need to keep on hand so that i am not tricked by ICICI Lombard. shall i drive back to panvel and get a fresh FIR again? Last edited by amit_mechengg : 4th November 2009 at 17:44. | |
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![]() | #574 |
Senior - BHPian | ![]() Hello Expert, I need your guidance to renew the Insurance for the ore owned car I am buying. Insurance is due in couple of weeks. I have received 2 quotation from two different insurance companies. Company A which is present insurance provider for the vehicle offered 3k more than Company B and both companies provide cashless facility, so service offered is same! just in case of claim in future. I have checked that with service stations as well. Also just few days back owner has claimed Insurance which is settled as cashless easily (I have processed the entire process on behalf of owner and all he did is sign the papers). I wanted to know shall I go with company B or stick to company A even though its 3K more. Regards Ravi. |
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![]() | #575 | |
Senior - BHPian ![]() Join Date: Mar 2008 Location: Mumbai/Mulund
Posts: 1,658
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I am very sorry for my earlier reply where I blamed you directly for informing wrong thing to police. My apology for the same. ![]() Coming back to insurance since the value which is written in the Police FIR was take at that time when your driver's mind set was really bad. He was bitten by those No-hearted people. Now you have options: - Give this thing in writing to insurance company and ask them to reply if they need the correction in FIR? I think this is the best way to get an reply from the person who need to make you the payment. You can talk to me any time I will PM you my cell no. | |
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![]() | #576 | |
Senior - BHPian ![]() Join Date: Mar 2008 Location: Mumbai/Mulund
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![]() Last edited by rjvora_2000 : 4th November 2009 at 19:48. | |
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![]() | #577 | |
BHPian ![]() Join Date: Jan 2008 Location: Navi Mumbai
Posts: 159
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The FIR that you have is fine and the co will take the IDV in the policy document as the value. Make sure you avail of the zero salvage deduction that they claim as their advantage over competitors. So far you are doing all fine man. Just wait for the process to get done. | |
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![]() | #578 |
Senior - BHPian ![]() Join Date: Mar 2008 Location: Mumbai/Mulund
Posts: 1,658
Thanked: 55 Times
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There is noting like salvage in total loss claim insurer has to give the IDV in full only thing which they deduct is the excess. Which will be written in the policy document. |
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![]() | #579 |
BHPian ![]() Join Date: Jan 2008 Location: Navi Mumbai
Posts: 159
Thanked: 13 Times
| ![]() Rupesh, I am also in the throes of the insurance renewal due on 8th Nov. I have laboriously read all the preceding 35 pages and I must commend you on your patience, hardwork in replying to most of the queries. Last year I read through the full IMT and renewed with Tata AIG falling for their service coupon/voucher charms. This year I am more than aware of their tricks. Car Make : Hyunday Accent GLX 2001 Last year IDV - 233847 This year, I have got quotes for IDV ranging from 208000 to 272000. The IDV, I understand, beyond the 5th year is largely a value the insured is comfortable with. So IMHO, I think 225000 is a fair value on road today. But have taken quotes for 225 and 250k Bajaj has quoted the following IDV 250k , OD 5913 after 30% disc NCB 50% Public Liability TP 800 PA 100 Driver 25 PA unnamed 250 Total - 4563 Chola has quoted IDV 215k , OD 5043 after 35% disc NCB 50% Public Liability TP 800 PA 100 Driver 25 PA unnamed 100 Total - 3911 Bajaj made a counter offer for the same IDV IDV 218k , OD 5913 after ??% disc NCB 50% Public Liability TP 800 PA 100 Driver - PA unnamed - Total - 3896 Which in your opinion do you think is the better offer? I am leaning towards the 250k offer of Bajaj though its about 800 bucks more, but has 30% disc +50%NCB with a higher IDV. Or is it relatively/proportionately more expensive compared to the lower IDV valuation quotes? Appreciate your thoughts on this matter. Also, the bajaj guys are quite slow in their responses. Had to call up the call center to get them to chat. ICICI quoted 4142 for 231k and the lady seemed ignorantly boisterous claiming that no one in the market was giving road side assistance, depite telling her to check her knowledgebase on bajaj and chola. Then ranted that both aig and chola have specifically mentioned that VED is compulsorily effected on all renewal notice. How would I know? AIG still has not sent me a renewal notice! And a fella called up 3 weeks ago telling me that I have to renew my policy with them. What guts to call me and twist me. Instantly, I told them to send the quote. two weeks down another fella calls me and gives me a quote for 215k @ 4410. Told him to let me know on the past years failed promise on the service book and the holiday voucher and then I MAY consider. Quotes on policy bazaar had Reliance the clear edge followed by the 4 psus. AXA was also quite expensive for the 208k valuation at almost 5k! |
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![]() | #580 |
Senior - BHPian | ![]() Thanks a lot Rupesh for quick answers. I don't deal with them (R or I). Service centre guys have approved company B as well and I checked with owners they provide cashless. So I will bargain some more and go head with company B. I have used company B in the past for my Innova for 2 years and I didn't claim anything so I will try for more discounts ![]() Regards, Ravi. |
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![]() | #581 | |
Senior - BHPian ![]() Join Date: Mar 2008 Location: Mumbai/Mulund
Posts: 1,658
Thanked: 55 Times
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The second quote which came from bajaj is misleading as I think what they have done is given the discount 35% and Rs.0 for un-name p.a. You tell Bajaj and Chola I need quote on 225000 IDV and then compare both of them. let me tell you Chola is also doing good as far as Mumbai is concern. They have little bit of IT problem but that's OK their service is still good in claims. Last edited by rjvora_2000 : 5th November 2009 at 09:09. | |
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![]() | #582 |
BHPian ![]() Join Date: Jun 2007 Location: pune
Posts: 381
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| ![]() Hi Rupesh, my car(Swift VDi) insurance is up for renewal next month. I have received quotes from Bajaj, ICICI and Tata AIG. Bajaj is one quoting the least premium for IDV of 4,27,000. They have also clarified that they have considered 0 voluntary excess. Tata AIG is giving a premium of 13K but with an add-on of 0% depreciation. As per the Tata aig guy, any fibre, glass etc pieces will not attract any depreciation(which is around 50%) and will be fully reimbursable. This is obviously with an extra amount of around 3000. Do you have an idea if there is a new add on like mentioned above from bajaj? Do you advise going for this add-on and what things i need to be aware of while going for this. Both are quoting the premiums with 30% discount and no NCB as i had a claim. Kindly advise if i need to look into any other things other than the above discount. I heard something called salvage and i have no idea what it is and what amount it should be ideally in an insurance policy? and last but not the least kudos for the advice that you are giving to tbhpians. |
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![]() | #583 | |
Senior - BHPian ![]() Join Date: Mar 2008 Location: Mumbai/Mulund
Posts: 1,658
Thanked: 55 Times
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Bajaj also has a product which is 0 Dep. product. Please ask the sales guy the details of that product. Tata's product is also good. I myself is impressed with Chola's 4 different plans please see the details on their website also. Salvage is something which is an debatable issue with insurance company if they deduct from your claim amount. But it is wrong they have to take the salvage with them, we should not be paying for that. | |
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![]() | #584 | |
BHPian ![]() Join Date: Jan 2008 Location: Navi Mumbai
Posts: 159
Thanked: 13 Times
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So its Bajaj for me. Taking the 250k offer for 4500 bucks. Thanks for your help, Rupesh. please tell me one more thing. The PA for 5 unnamed passengers is 250 bucks for 1L coverage per person. Now risk coverage is for anybody who has a valid driving license right? SO, if owner driver and paid driver is covered, why do i need 5 people coverage? The bajaj lady indicated that only me and "paid" driver is covered in the additional TP liability. But wife or any other friend drives the car, it is for their coverage and 4 other passengers. Though I understand that this cover is purely optional, I am not very sure if I understood it correctly and don't mind having that additional cover on. Please advise. | |
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![]() | #585 |
Senior - BHPian ![]() Join Date: Dec 2005 Location: Ridin earth now
Posts: 1,276
Thanked: 325 Times
| ![]() If a second hand car is purchased , can the insurance be transferred before the registration is transferred on RC book ? PS :The insurance is valid and in force still . Also will the NCB of that person can be transferred to me in the next renewal ? Last edited by black12rr : 5th November 2009 at 22:10. |
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