Automobile Insurance Queries? Ask me

gary4gar · 27th February 2010, 22:30

Hi,
I need insurance for 2003 model Honda Activa Scooter.the previous insurance "The India Insurance company" has lapsed in feb 09 itself, And the vehicle has been driven without insurance for more than a year, because of I have time from office and do insurance.they were demanding that vehicle should be brought to their office for inspection

IDV of Vehicle mentioned on 08-09 policy was 17,101. don't know the present value. I paid Rs635/- as premuim

hence, I was looking for suggestion of company which can give insurance in quick, hassle-free manner. maybe a option for online payments

sdp1975 · 27th February 2010, 22:32

A vehicle for which the insurance has expired will most likely be inspected before a new insurance is issued.

gary4gar · 27th February 2010, 22:43

Quote:

Originally Posted by sdp1975

A vehicle for which the insurance has expired will most likely be inspected before a new insurance is issued.

ok, does the Vehicle owner have to be necessary be present at time of inspection? or his family members can get insurance on his behalf?

f1head · 27th February 2010, 22:48

Quote:

Originally Posted by sdp1975

A vehicle for which the insurance has expired will most likely be inspected before a new insurance is issued.

This is not true for 3rd party, or even comprehensive when going through agents.

Raccoon · 28th February 2010, 01:23

Quote:

Originally Posted by gary4gar

Hi,
I need insurance for 2003 model Honda Activa Scooter.the previous insurance "The India Insurance company" has lapsed in feb 09 itself, And the vehicle has been driven without insurance for more than a year, because of I have time from office and do insurance.they were demanding that vehicle should be brought to their office for inspection

IDV of Vehicle mentioned on 08-09 policy was 17,101. don't know the present value. I paid Rs635/- as premuim

hence, I was looking for suggestion of company which can give insurance in quick, hassle-free manner. maybe a option for online payments

Most private companies like Bajaj/IFFCo, etc., will send their agent to your place for the job (including inspection). Just call them up. They all refused to do 3rd party insurance in my case, though.

Since your insurance has lapsed, you won't be able to do it online, as inspection will be necessary.

London Gujju · 28th February 2010, 16:27

Hi Guys
I have a Toytoa Altis. The insurance expires in April. Any suggestions as which company would be best. My exisiting inurance is provide by Infinnium Toyota in Ahmedabad and if I am not wrong it might have been with Reliance. I paid nearly 30 k for a comprehensive cover on this new car. thanks.

rjvora_2000 · 2nd March 2010, 11:19

Quote:

Originally Posted by London Gujju

Hi Guys
I have a Toytoa Altis. The insurance expires in April. Any suggestions as which company would be best. My exisiting inurance is provide by Infinnium Toyota in Ahmedabad and if I am not wrong it might have been with Reliance. I paid nearly 30 k for a comprehensive cover on this new car. thanks.

Ask Infinnium Toyota which other company they have tie-up with and if possible avoid Icici and Reliance.

shibujp · 3rd March 2010, 01:54

Hi Ram,

What is the correct insurance procedure to follow while selling off a car. I understand that I have to surrender the existing insurance and get an NCB letter.

However how do I hand over the car with no insurance? And if the RTO ownership transfer is still in progress would they be able to take out an insurance for the car in their name?

drive on!!
Shibu.

rjvora_2000 · 3rd March 2010, 08:56

Quote:

Originally Posted by shibujp

Hi Ram,

What is the correct insurance procedure to follow while selling off a car. I understand that I have to surrender the existing insurance and get an NCB letter.

However how do I hand over the car with no insurance? And if the RTO ownership transfer is still in progress would they be able to take out an insurance for the car in their name?

drive on!!
Shibu.

There are two way's of transferring the insurance to new buyer of the car.

1. You keep the original insurance policy with you, cancel the policy, take the refund of premium & let new buyer take the insurance allover again.

2. Give the original insurance policy to the buyer and let him transfer the policy in his name in this case he will have to just pay the transfer charges to insurer.

In both the above case NCB will come to your hand only as it is always non-transferable. In both the above case buyer will have to pay the NCB amount to insurance company.

vasoo · 3rd March 2010, 11:47

How is HDFC Ergo insurance company? Are they reliable in terms of claim processing? They seems to provide pretty decent quotes on website.

rjvora_2000 · 3rd March 2010, 12:28

Quote:

Originally Posted by vasoo

How is HDFC Ergo insurance company? Are they reliable in terms of claim processing? They seems to provide pretty decent quotes on website.

The best way to choose the insurance company is to see, are they providing cash less in the service station where you service your car regularly? If answer is yes then that is one of the good company for you.

Over all HDFC is a good brand.

mailmishra · 3rd March 2010, 13:47

I am planning to go for Zero Depreciation for my ANHC(2009). I have two options TATA AIG and ICICI. I am buying from dealer and it has tie up with only these two.

Please can someone help me choose out of the two. My criteria is hassle free claim. I want to know which one is better in terms of claim.

anonymous · 3rd March 2010, 15:38

I have a Tata Indica V2 car and the insurance is due on 10th March. My Insurance Agent is telling me that Private Insurance companies are not providing any insurance cover for Indica Cars due to high number of claims being submitted by Owners. He is insisting to go for Goverment Company. My car is 6 years old now and I paid Rs 4249 last year and he has quoted Rs 3992 IDV 1,56,330 and NCB 50%. I think IDV is the Insured Declared Value but not sure what does NCB stand for.
Does it sound fair deal to you?

rjvora_2000 · 3rd March 2010, 17:55

Quote:

Originally Posted by mailmishra

I am planning to go for Zero Depreciation for my ANHC(2009). I have two options TATA AIG and ICICI. I am buying from dealer and it has tie up with only these two.

Please can someone help me choose out of the two. My criteria is hassle free claim. I want to know which one is better in terms of claim.

Tata is the only option for you my friend. Please stay away from Icici.

Quote:

Originally Posted by anonymous

I have a Tata Indica V2 car and the insurance is due on 10th March. My Insurance Agent is telling me that Private Insurance companies are not providing any insurance cover for Indica Cars due to high number of claims being submitted by Owners. He is insisting to go for Goverment Company. My car is 6 years old now and I paid Rs 4249 last year and he has quoted Rs 3992 IDV 1,56,330 and NCB 50%. I think IDV is the Insured Declared Value but not sure what does NCB stand for.
Does it sound fair deal to you?

6 year's old car and they (Private Insurer) are saying no is little surprise to me. NCB is no claim bonus which you are getting since you have not made any claim. You are charged 50% less of your own damage premium till you don't make any claim.

Ask him how much other discount he has offered you on the above quote. (I mean other then NCB.)

You should get cashless at the time of claim that is most important. Don't expect any particular company, that's not important.

jkdas · 5th March 2010, 11:01

Need help (again !) with getting/applying insurance for Tata Safari 2.2L EX. Vehcile is completing 2 years on 15th MArch 2010. I am currently on HDFC insurance. They have said that they can give me good IDV (7lac up even) which I thinks isn't worth in real scenario.

Tata has send me a mail saying if I get with them, I will get a Gold Membership Card, which will be useful for me.

I am inclined to Tata for this cause. How much IDV should I ask them to quote?

27th February 2010, 22:30	#991
gary4gar BHPian Join Date: Oct 2007 Location: Jaipur Posts: 89 Thanked: 6 Times	Hi, I need insurance for 2003 model Honda Activa Scooter.the previous insurance "The India Insurance company" has lapsed in feb 09 itself, And the vehicle has been driven without insurance for more than a year, because of I have time from office and do insurance.they were demanding that vehicle should be brought to their office for inspection IDV of Vehicle mentioned on 08-09 policy was 17,101. don't know the present value. I paid Rs635/- as premuim hence, I was looking for suggestion of company which can give insurance in quick, hassle-free manner. maybe a option for online payments Last edited by gary4gar : 27th February 2010 at 22:32.
	() Thanks

27th February 2010, 22:32	#992
sdp1975 Senior - BHPian Join Date: Aug 2009 Location: Bangalore Posts: 1,700 Thanked: 1,273 Times View My Garage	A vehicle for which the insurance has expired will most likely be inspected before a new insurance is issued.
	() Thanks

28th February 2010, 16:27	#996
London Gujju Newbie Join Date: Feb 2010 Location: London Posts: 5 Thanked: 0 Times	Hi Guys I have a Toytoa Altis. The insurance expires in April. Any suggestions as which company would be best. My exisiting inurance is provide by Infinnium Toyota in Ahmedabad and if I am not wrong it might have been with Reliance. I paid nearly 30 k for a comprehensive cover on this new car. thanks.
	() Thanks

3rd March 2010, 01:54	#998
shibujp Senior - BHPian Join Date: Mar 2005 Location: Trivandrum Posts: 1,753 Thanked: 3,224 Times View My Garage	Hi Ram, What is the correct insurance procedure to follow while selling off a car. I understand that I have to surrender the existing insurance and get an NCB letter. However how do I hand over the car with no insurance? And if the RTO ownership transfer is still in progress would they be able to take out an insurance for the car in their name? drive on!! Shibu.
	() Thanks

3rd March 2010, 11:47	#1000
vasoo Senior - BHPian Join Date: Jul 2007 Location: Memphis TN Posts: 1,039 Thanked: 246 Times View My Garage	Hdfc Ergo How is HDFC Ergo insurance company? Are they reliable in terms of claim processing? They seems to provide pretty decent quotes on website.
	() Thanks

3rd March 2010, 13:47	#1002
mailmishra BHPian Join Date: Jun 2009 Location: Mumbai Posts: 57 Thanked: 0 Times	I am planning to go for Zero Depreciation for my ANHC(2009). I have two options TATA AIG and ICICI. I am buying from dealer and it has tie up with only these two. Please can someone help me choose out of the two. My criteria is hassle free claim. I want to know which one is better in terms of claim.
	() Thanks

3rd March 2010, 15:38	#1003
anonymous BHPian Join Date: Jan 2007 Location: NCR Posts: 565 Thanked: 25 Times	I have a Tata Indica V2 car and the insurance is due on 10th March. My Insurance Agent is telling me that Private Insurance companies are not providing any insurance cover for Indica Cars due to high number of claims being submitted by Owners. He is insisting to go for Goverment Company. My car is 6 years old now and I paid Rs 4249 last year and he has quoted Rs 3992 IDV 1,56,330 and NCB 50%. I think IDV is the Insured Declared Value but not sure what does NCB stand for. Does it sound fair deal to you?
	() Thanks

5th March 2010, 11:01	#1005
jkdas Senior - BHPian Join Date: Sep 2005 Location: Thiruvananthapu Posts: 9,687 Thanked: 1,492 Times View My Garage	Need help (again !) with getting/applying insurance for Tata Safari 2.2L EX. Vehcile is completing 2 years on 15th MArch 2010. I am currently on HDFC insurance. They have said that they can give me good IDV (7lac up even) which I thinks isn't worth in real scenario. Tata has send me a mail saying if I get with them, I will get a Gold Membership Card, which will be useful for me. I am inclined to Tata for this cause. How much IDV should I ask them to quote?
	() Thanks