Vehicle Insurance: General Questions & Discussions

[Suhan]

Re: Vehicle Insurance - General Questions / Discussion

In case of L&T, premium is pretty high but for car insurance, best is TATA AIG as they are having lot many features and claim settlement is also very good...they give pick up facility also.... Infact you can visit online comparing sites and compare quote and then buy insurance....

One such i had come across and had bought my Hyundai i10 is from www.gibl.in, they are IRDA certified, provides comparison with 29 companies and also assisted me throughout my purchase and even after that..

 

[Ponbaarathi]

Re: Vehicle Insurance - General Questions / Discussion

Hi all,
My bike's insurance is due for renewal next month. While buying my bike, I wasn't aware of different insurance schemes, policies, etc. So I simply bought insurance from Reliance based upon my dealer's suggestion. My queries are:
1. Though I am aware of different types of insurance( 3rd party, comprehensive, zero dep ) I couldn't find which type my bike has! I went through my insurance policy but couldnt find it. How do find it?
2.There are many terms like liability, IDV, premium,etc. What are they?
3. While searching for insurance I can find govt sector companies ( like National Insurance, New India, Oriental ) not as popular as some private companies ( like Royal Sundaram, Bajaj, Reliance, etc.) Why so? Any reasons like bad service compared with latter?
4. I would like to search / compare insurance from all providers ( to get best deal, to gain knowledge). Is there any specific thread or somewhere in internet?
5. If I like to switch to another insurer, what's the procedure?
Mods:If you find this post inappropriate here or if there is some dedicated/similar thread, kindly merge this.

 

[Ashu4u131]

Re: Vehicle Insurance - General Questions / Discussion

hello everyone !
can someone educate me on car insurance i am a complete novice in this
what's the difference between general insurance and bumper to bumper insurance ?
can bumper to bumper insurance be purchased for an extended period of time or it comes generally for one year only ?
can one claim insurance(normal ones for dents and all not bumper to bumper) ?

 

[Akash1886]

Re: Vehicle Insurance - General Questions / Discussion

can someone educate me on car insurance i am a complete novice in this
what's the difference between general insurance and bumper to bumper insurance ?

Hi Ashu, there are 2 types of car insurance i.e Normal insurance which has depreciation and the Zero Dep Policy which covers bumper to bumper. In general insurance you will get about 80% cover for Metal Damage, 50% Cover for Glass Damage & Plastic Damage. But in Zero Dep you pay bit higher premium and file charges but that has a more comprehensive cover and nil-depreciation.

can bumper to bumper insurance be purchased for an extended period of time or it comes generally for one year only ?

Just like normal car insurance, the Zero Dep policy also needs to be renewed after 1 year.

can one claim insurance(normal ones for dents and all not bumper to bumper) ?

You may claim normal insurance for bumpers too but you'll be provided the depreciated value of the same in it. You may also claim insurance in Zero Dep for a damaged bumper.

Regards

Akash

 

[Ashu4u131]

Re: Vehicle Insurance - General Questions / Discussion

thanks a lot #Akash for the quick reply !
one more question if i may ask
my ecosport needs few bodywork i.e for dent on rear left wheel arch & paintwork for big scratches caused by an autorickshaw.
on my first service i had enquired with the showroom guy and they quoted me around 10k+.
also they suggested that i can go for insurance claim i.e normal claim(i have a bumper to bumper insurance) then it will come around 3-4k and it won't effect my insurance claim later if anything worse happens.
add to my misery just after my first service i got hit by a bolero on the rear which has formed a new dent on the tailgate behind the spare wheel and further it has misaligned the tail gate which has resulted in 'khat khat' sound while driving .
what should i do ?
should i go ahead and claim insurance or also look at aftermarket quotation ?

 

[Akash1886]

Re: Vehicle Insurance - General Questions / Discussion

(i have a bumper to bumper insurance)
should i go ahead and claim insurance or also look at aftermarket quotation ?

For the kind of damage mentioned by you, best would be to use your car insurance and be at peace. No need for a after-market quote.

Regards

Akash

 

[Swiftian]

Re: Vehicle Insurance - General Questions / Discussion

I was looking for a insurance renewal and I got quote from Bajaj as below

Drive assure with Zero depreciation : 39K (29K with 50% NCB)
Standard insurance : 31K (16.5K with 50% NCB)

I have read many places that zero depreciation would cost 2-3K max than standard one. Could you please let me know whether the quote was fine for standard and zero dep with 50% NCB.

 

[pawan9977]

I was looking for a insurance renewal and I got quote from Bajaj as below

Drive assure with Zero depreciation : 39K (29K with 50% NCB)
Standard insurance : 31K (16.5K with 50% NCB)

I have read many places that zero depreciation would cost 2-3K max than standard one. Could you please let me know whether the quote was fine for standard and zero dep with 50% NCB.

Yes Zero-Dep Add-on feature to your standard policy would cost around 2-3K(or may be little more extra depending from co. to co) more

I was looking for a insurance renewal and I got quote from Bajaj as below

Drive assure with Zero depreciation : 39K (29K with 50% NCB)
Standard insurance : 31K (16.5K with 50% NCB)

I have read many places that zero depreciation would cost 2-3K max than standard one. Could you please let me know whether the quote was fine for standard and zero dep with 50% NCB.

29K on 39K quote doesn't sound like a 50% discount

 

[Surfer]

Re: Vehicle Insurance - General Questions / Discussion

Is Mirror covered in insurance ?
Yesterday activa banged on my right door
Big dent + Broken Mirror + Power window not working

 

[dhimanr]

Re: Vehicle Insurance - General Questions / Discussion

Hi Guys,

Just got my insurance details for my new Figo.

the total insured value for the vehicle is set to 5% lower than the Ex-Showroom price is this normal?

 

[superhornet]

Re: Vehicle Insurance - General Questions / Discussion

Guys, how can i transfer NCB from one insurer to other?

I currently have insurance from new india assurance which will end on 9th august. I want to switch to icici lombard due to their cashless facility but i would lose on NCB that i will get if i keep using new india assurance.

 

[vaibhav]

Re: Vehicle Insurance - General Questions / Discussion

Both my body coloured white bumpers (front and back) have been damaged. Lets see how is the experience with coverfox and future general in claim under zero dep
BTW guys any idea how much will the two new bumpers cost?

 

[allhyundaicars]

Both my body coloured white bumpers (front and back) have been damaged. Lets see how is the experience with coverfox and future general in claim under zero dep
BTW guys any idea how much will the two new bumpers cost?

If these got damaged in one incident then only they will give claim for both the bumpers. If not they will only do 1 bumper.

No need to waste insurance money if the bumpers are not cracked. Get them painted from your own pocket.

Another query of my own.

I paid more money on my i10 insurance policy than last year even though the car has 50% ncb(now)

I checked and the basic cover price has increased from last year. Is this normal ?

 

[KK_HakunaMatata]

Re: Vehicle Insurance - General Questions / Discussion

Another query of my own.

I paid more money on my i10 insurance policy than last year even though the car has 50% ncb(now)

I checked and the basic cover price has increased from last year. Is this normal ?

One reason is that third party insurance premium is increased by about 40% w.e.f 1st April 2016 and attached is the IRDA order.

 

[vaibhav]

Re: Vehicle Insurance - General Questions / Discussion

If these got damaged in one incident then only they will give claim for both the bumpers. If not they will only do 1 bumper.

No need to waste insurance money if the bumpers are not cracked. Get them painted from your own pocket.

Another query of my own.

I paid more money on my i10 insurance policy than last year even though the car has 50% ncb(now)

I checked and the basic cover price has increased from last year. Is this normal ?

They only passed behind bumper. Getting it done none the less. Why not take claim just because of lalach of no claim bonus