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Motor Vehicle Insurance And Claims

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  • #31
    Originally posted by samarth14feb View Post
    U got everything right but by personal experience some tips..
    if u take a FIR saying accident with some other vehicle insurance agent will sometimes want to see with which vehicle u crashed! so what i did when i met with an accident was that i claimed saying i hit a dog and fell, claimed through my garage not showroom(claiming from showroom can turn out quite a hole in our pocket and adjustments wont be possible although procedure will be simple!) .so this is quite clear! i just lied abt some area ! (make sure the lie doesn change) and thats all. agent comes and says to which all part warranty can be issued after close inspections (break anything u want new )after he issues buy those parts only(dnt buy what he hasn issued cos he wont pay u for it) and call him up, he'll come n take a look at old broken parts which were replaced and ask u to collect a cheque from office after showing some id. all done.
    Very true, this guy had an estimate of 40k for the repair of his ZMA after his crash

    Comment

    • #32
      Guys any idea about how much % of damages are covered for fibre parts???

      Comment

      • #33
        Originally posted by chiku181 View Post
        Guys any idea about how much % of damages are covered for fibre parts???
        depends on the insurance company. its 40% for plastics in ICICI. try contacting ur insurance company's customer care for full details.
        CBR 650F <02/2017>
        Honda Aviator<2017>
        CBR250r :) <11/2011 to 2017> Sold
        Hero Honda Karizma <2009 to 2011 september> Sold
        Bajaj Pulsar 180 UG3 <2007 to 09> Sold
        Honda Unicorn <2005 to 2007> scrap yard

        Comment

        • #34
          Originally posted by samarth14feb View Post
          depends on the insurance company. its 40% for plastics in ICICI. try contacting ur insurance company's customer care for full details.
          Thanx for the prompt reply. I'd my bike insured at National Insurance. Will be calling them in a while.

          Comment

          • #35
            @ all
            in your opinion which company provides the best terms for cover and also has a speedy and efficient staff?

            i own a grey RTR Fi (im from navi mumbai). The showroom guys here seem to have a tie up with Bajaj Allianz. I have claimed the insurance a couple of times and both the times the service was way too slow and seemingly indifferent. Is it always like this? Anyways, im desperately looking for a better company. But im confused as to which one to go for?
            If you can't explain it simply, you don't understand it well enough - Albert Einstein

            I think i know less than what you think i know.

            Comment

            • #36
              Originally posted by gautam_k View Post
              @ all
              in your opinion which company provides the best terms for cover and also has a speedy and efficient staff?

              i own a grey RTR Fi (im from navi mumbai). The showroom guys here seem to have a tie up with Bajaj Allianz. I have claimed the insurance a couple of times and both the times the service was way too slow and seemingly indifferent. Is it always like this? Anyways, im desperately looking for a better company. But im confused as to which one to go for?
              Its always a slow process dude, u cannot rush it. And showroom ppl are least bothered so they dont give proper estimations which makes a bigger hole in our pockets. whatever happens , i guess min one month will b required.ICICI is the fastest as far as i know, after they agree to insure broken parts{claimed via local garage} u will have to spend ur money and replace those parts, as soon as done insurance guy comes and checks. then within a week u will get the cheque. so here it depends on ur Bank balance more the money u have , faster ur ride will b ready. Conditions as of Mysore. no idea how the service is in other places..

              Bajaj Allianz is not up to the mark is what i feel, i claimed Total loss for my unicorn which was badly damaged, it took them 3 months to pay me!
              CBR 650F <02/2017>
              Honda Aviator<2017>
              CBR250r :) <11/2011 to 2017> Sold
              Hero Honda Karizma <2009 to 2011 september> Sold
              Bajaj Pulsar 180 UG3 <2007 to 09> Sold
              Honda Unicorn <2005 to 2007> scrap yard

              Comment

              • #37
                Originally posted by samarth14feb View Post
                Its always a slow process dude, u cannot rush it. And showroom ppl are least bothered so they dont give proper estimations which makes a bigger hole in our pockets. whatever happens , i guess min one month will b required.ICICI is the fastest as far as i know, after they agree to insure broken parts{claimed via local garage} u will have to spend ur money and replace those parts, as soon as done insurance guy comes and checks. then within a week u will get the cheque. so here it depends on ur Bank balance more the money u have , faster ur ride will b ready. Conditions as of Mysore. no idea how the service is in other places..

                Bajaj Allianz is not up to the mark is what i feel, i claimed Total loss for my unicorn which was badly damaged, it took them 3 months to pay me!
                yea same procedure here too. you pay the bills and the mechanic guys go out of the picture ...then you wait for the cheque to arrive at the insurance office...i had crashed my bike >2 months ago...they took an entire month to repair it. and after that it has been more than two weeks im still waiting for the cheque to arrive. everytime i call the surveyor, he says it will take more time...just tired of waiting.
                I have heard that there are some companies who directly settle the claim amount with the mechanics and we just have to pay the remainder. That sounds like a nice way for settling the bills Atleast the customer who isnt part of any company will be spared of the torture...the companies are there for business, they can sort out their work anytime, cant they?
                If you can't explain it simply, you don't understand it well enough - Albert Einstein

                I think i know less than what you think i know.

                Comment

                • #38
                  I have ICICI, and when i claimed insurance,they were fast and easy. and all i had to do was go to showroom and say "i need to claim insurance, i got in accident" and my bike was in my hand in 4 days repaired... but only thing was that in the showroom, it showed they had the bike but i had it, because of the rear panel of karizma R was not installed yet. Now everything is done and the insurance paid 100% FIBER PARTS to me and my total cost came out to be 10,000 RS. and i paid 100 RS total. It all depends on insurance companies. In all, it took about 15 days total, and i had the bike in 4 days in my hand, rest of time i waited for the rear left side panel.....
                  Last edited by krUnIzZlE; 09-13-2010, 11:09 PM.
                  PHP Code:

                                                               --Honda Shine  [08-10  SOLD]--
                                         ---                  HH Karizma-R Black [10-Current]--- 


                  Comment

                  • #39
                    Originally posted by krUnIzZlE View Post
                    Now everything is done and the insurance paid 100% FIBER PARTS
                    100% FIBER PARTS!?
                    wtf!? this cant be true...i have NEVER heard of ANY company who gives more than 60% cover for fibre parts

                    i guess the showroom guys must have some 'setting' with the surveyor...they submit an inflated bill to the surveyor.then bribe the surveyor to make sure he doesnt say anything.then when the actual claim cheque arrives, it has the said percentage which works out to be the actual bill

                    for eg, if the repairing cost is Rs 10k and the rough claim percentage in the company's terms is 70%, they mention the amount to be 14k. thus when the company issues the cheque of 70% of 14k, it works out to 9.8k...thus the customer gets ~100% claim

                    but all this jhol happens in local shady companies.dint know that such things work in class companies like icici too
                    If you can't explain it simply, you don't understand it well enough - Albert Einstein

                    I think i know less than what you think i know.

                    Comment

                    • #40
                      Originally posted by gautam_k View Post
                      100% FIBER PARTS!?
                      wtf!? this cant be true...i have NEVER heard of ANY company who gives more than 60% cover for fibre parts

                      i guess the showroom guys must have some 'setting' with the surveyor...they submit an inflated bill to the surveyor.then bribe the surveyor to make sure he doesnt say anything.then when the actual claim cheque arrives, it has the said percentage which works out to be the actual bill

                      for eg, if the repairing cost is Rs 10k and the rough claim percentage in the company's terms is 70%, they mention the amount to be 14k. thus when the company issues the cheque of 70% of 14k, it works out to 9.8k...thus the customer gets ~100% claim

                      but all this jhol happens in local shady companies.dint know that such things work in class companies like icici too
                      Well said and also it can be that showroom ppl along with some other customer have bribed insurance agent and got themselves other fiber parts(for showroom guys customer/friend) for discounts nice idea never flashed to my mind.. lol .
                      CBR 650F <02/2017>
                      Honda Aviator<2017>
                      CBR250r :) <11/2011 to 2017> Sold
                      Hero Honda Karizma <2009 to 2011 september> Sold
                      Bajaj Pulsar 180 UG3 <2007 to 09> Sold
                      Honda Unicorn <2005 to 2007> scrap yard

                      Comment

                      • #41
                        Originally posted by samarth14feb View Post
                        Well said and also it can be that showroom ppl along with some other customer have bribed insurance agent and got themselves other fiber parts(for showroom guys customer/friend) for discounts nice idea never flashed to my mind.. lol .

                        Either way, Who cares, i got my bike repaired for 100 RS. Which had a cost of 10,000 RS. So either way, im on the positive side. But the guy at the showroom said its all in my paperwork. So... and someone said at the ZMR Ownership Experience thread that After June or July 2010, ICICI was giving 100% for fiber parts....
                        PHP Code:

                                                                           --Honda Shine  [08-10  SOLD]--
                                               ---                        HH Karizma-R Black [10-Current]--- 


                        Comment

                        • #42
                          The National insurance guys said that I'll be getting 80% for metal parts n 50% for fibre parts... The showroom guys have given an estimate of 30k but as per my calculations it won't exceed 20k.
                          One more thing labour charges are not covered, right???

                          Comment

                          • #43
                            Originally posted by chiku181 View Post
                            The National insurance guys said that I'll be getting 80% for metal parts n 50% for fibre parts... The showroom guys have given an estimate of 30k but as per my calculations it won't exceed 20k.
                            One more thing labour charges are not covered, right???
                            Labour charges are also covered! showroom ppl can claim saying labour charge! but they r too smart, sometimes showroom ppl claim insurance for labour charge from both u and from company!
                            CBR 650F <02/2017>
                            Honda Aviator<2017>
                            CBR250r :) <11/2011 to 2017> Sold
                            Hero Honda Karizma <2009 to 2011 september> Sold
                            Bajaj Pulsar 180 UG3 <2007 to 09> Sold
                            Honda Unicorn <2005 to 2007> scrap yard

                            Comment

                            • #44
                              Originally posted by samarth14feb View Post
                              Labour charges are also covered! showroom ppl can claim saying labour charge! but they r too smart, sometimes showroom ppl claim insurance for labour charge from both u and from company!
                              K. Will keep that in mind

                              Comment

                              • #45
                                That must have been quite an ordeal!
                                Alls well that ends well.
                                You may be lighter on time & money now but I'm sure you are richer in experience.

                                If i was in your place the mob would have murdered me on the road itself!

                                Kudos! Your initial efforts paid off towards the end with the universe sending the right people along to you!

                                Ride safe!

                                Thanks a million for the valuable information.

                                God bless!
                                10 Commandments:
                                1)Thank thy God for being alive.
                                2)Thou shalt respect one's own life and the live's of other road users.
                                3)Thou shalt respect one's own bike.
                                4)Love thy bike as thy self.
                                5)Always wear safety gear.
                                6)Alcohol is a strict NO!
                                7)Thou may lust after thy neighbour's bike specially if its of the R1 kind!
                                8)Thou shalt ride with 'ultra-most' care and caution when on Indian roads.
                                9)Thou shalt never leave the engine running at long traffic halts.
                                10)Thou shalt follow all of the above.

                                Comment

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