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Originally Posted by sdp1975 I see ICICI lombard being severely criticized here, but a friend combined 3 dents on his car into a single one and got his claim without a single question being asked.
And on how service centres rip off insurance cos/customers here's an example :
My friend noticed an accent rear ended badly. 2 SAs ( one junior, the other his senior) were discussing the estimate. The junior fellow says 70K.
The senior says "Round it off to 1L" ! |
That's other way round story where in this service station guy's have a tie-up with the surveyor and they get paid extra which they pass it on the surveyor.
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Originally Posted by rouheet What true value guys are telling me that the policy was already endorsed / transferred. To get the NCB i have to cancel it first. To cancel this endorsement they are asking for 1410. Since while selling the old car i told them if i take the ncb and that requires the old policy to be cancelled i would pay for the new policy they are asking for 3500 for this new policy. Can you imagine even the existing policy on that old car was renewed on19th november 2009 for which i paid around 2500/-. Since i would be taking ncb the new cost is over 3500 is what they told me.
I am completely lost here, but yes i am not making any payments until i understand everything clearly. Thats what i have told them too. |
Buddy you ask me 10 times the same thing and I will not mind you replying that 10 times but I would not like you to get lost anywhere and will not like at all to loose your money any any any time.
As I told you that NCB is non transferable even if they have transferred the insurance in someone else's name. Understand one thing you don't have to pay but the person who is transferring the car in his name he has to pay the insurance cost and not you. You have to pay nothing to get the NCB letter.
All the stories which they have told you is wrong. I think they are fooling you and they have taken the money from the buyer and now they need the money from you as well.
Can you talk to your insurer directly?
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Originally Posted by akas_chauhan As of now for right side of car with wind shield and dash board and roof panel they are charging 300,000 for car, labour charge extra 50K.
For a baleno, which costed me 7.5 lakh, 3.5 lakh repair cost without any engine work and only right side damage looks Maruti taking me rdie.
Do Insurance guys validate all parts details they are mentioning with the current cost or dealer can quote anythng whatever he feels like? |
Insurance company will approve only the actual loss and nothing else let dealer make any statement. Before the actual work starts you need to make one thing clear that how much you will have to pay?
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Originally Posted by Raccoon Didn't get what you ment about the car washes. Do you mean car wash coupons which I'v heard some dealers give? Well, my MASS gave me coupons (last year) which can be redeemed against any bill... regular servicing or whatever else. But only 1 coupon at a time can be redeemed. And I service the car only once a year... so dunno what to do with the other coupon unless i have to take it for some repairs in between (v rare).
As about the washing job, seperately, I don't know what they charge. But its an automatic car wash, and they would have to invest a lot in the equipment, place etc... so no exactly right to say that the cost excluding water and shampoo is only profit. |
Sirji you can't compare the capital expense and the direct expenses. What I am trying to tell you is actual expense behind the car wash is too less but by showing you the coupons and everything they fool us that they are giving the benefit of Rs. 500/- and every thing.
My thinking in life is very simple, nothing is free on the earth, you are paying for everything directly or indirectly.
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Originally Posted by saintsinner Rupeshbhai,
as you are aware of my case i would like to change my insurance company when it is due for renewal. The options i have are - United India Insurance, TATA AIG, IFFCO-TOKIO
what are your suggestions? |
Tata and Iffco both are good option. In government companies again service is one issue.
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Originally Posted by rohan_iitr Hi Rupesh,
First of all, let me thank you for the selfless service you are providing on Team-BHP. Hats off to you !
The insurance for my i10 1.1 is due for renewal by the end of this month.
Ex-showroom price = Rs 3,59,286
Last year's IDV = Rs 3,41,322
Last year's premium = Rs 11,867
Last year's insurer = United India (provided by dealer at the time of purchase)
When I purchased this car last year, I was new to cars and insurance. But after 1 year of Team-BHP membership and help from experts like you, I am more conversed with the technicalities now. Hence, before renewing the insurance, I decided to do some research.
I have some doubts, please throw some light on these:
1. First year's IDV is taken as 95% of the ex-showroom price. What is the logic behind this ? Why not 100% ?
2. My dealer told me that Government insurance companies do not provide cashless service. Is this correct ?
3. I don't want to change my insurer unnecessarily, but I feel that lack of cashless service is a good enough reason for changing the insurer. What do you feel ?
4. I have got a renewal quote from United India (through the dealer). The premium would be Rs 8,098, IDV = Rs 3,05,400 (10% depriciation), 20% NCB and 20% discount. Is this a good quote, or can I get more discount/freebies ?
5. If I decide to move to some other (private) insurer, do I still get the NCB ? Do I need to get any no-claims letter from the previous insurer for claiming NCB ?
My dealer provides cashless service with several private insurance companies including ICICI, Reliance, HDFC, Cholamandalam, Tata AIG and Bajaj Allianz. I will ask for quotations from these companies and get back to you.
I totally agree with your views on ICICI and Reliance, I will keep away from these two.
Thanks in advance.
Rohan,
Bangalore |
Firstly thank you for the kind words.
1. Normally this is the practice in the business but I can give you the exact logic after sometime.
2. Yes that is true to some extent. They do give cashless in Maruti tie-ups and some big dealers only.
3. Ofcourse you should have a company which will give you cash less at the time of claim.
4. Don't ask for freebies ask for more discount you should get 35% discount or more.
5. You will get NCB with the renewal notice itself. Which proves that you have not claimed anything from them.
Bajaj and Chola are the best option in the market. Study the Chola's 360 and Elite products which have some good add-on benefits.