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**paradoxx** · 03-20-2016, 08:30 PM

Re: KTM RC 390 Ownership Experience

Originally posted by thrustrev View Post

My first year Insurance was from ICICI Lombard, Zero Dep Silver, cost me Rs. 6555. IDV was Rs. 2,05,425.

I got a Zero Dep Insurance from IFFCO TOKIO with an IDV of Rs. 1,95,514 for Rs. 4130. A depreciation of under Rs. 10,000 making it just 5%. A very good deal.

The reason I went with IFFCO TOKIO is my service center has a tie up with them for Cashless Claims. Not many companies provide cashless claims when it comes to 2-Wheelers.

P.S- I have heard a lot of people complain about claims when it comes to Bajaj Allianz.

----consecutive posts auto-merged-----

Actually to reduce the premium, you can opt to pay claim charges, starting from Rs. 500 per claim. So if you have a policy that requires claim charges, you will have to pay them.

Zero dep insurance usually applies to new vehicles and is usually only applicable only for first 3 years.
You just have to pay the processing fees and is very minimal.

Zero dep insurance usually has a limited number of claims you can make during the year, so as to avoid people from making claims for every small dent as no costs are involved.

Since it applies to new vehicles, the IDV doesn't come onto play and the insurance is done on the actual cost of vehicle.

My car has a zero dep from ICICI Lombard. I had made a claim on it and just had to pay 4k processing fee on an insured value of 50 lac.

I'm not aware of the claim cost system.

**abhi1991** · 03-20-2016, 08:36 PM

Re: KTM RC 390 Ownership Experience

damn! its going too technical for my teeny-weeny brai to understand.

What should I be aware of when am booking my RC390 regarding this insurance stuff some one put it im simple english..:P

**paradoxx** · 03-20-2016, 08:44 PM

Re: KTM RC 390 Ownership Experience

Originally posted by abhi1991 View Post

damn! its going too technical for my teeny-weeny brai to understand.

What should I be aware of when am booking my RC390 regarding this insurance stuff some one put it im simple english..:P

Lol
Zero dep means you won't have to pay any money from your pocket while making a claim except a small processing fee.
In a comprehensive insurance, the company take in account the depreciation of the value of parts and will pay accordingly (they have some complex formula to calculate this) the rest of the cost has to be borne by the owner.
While buying the policy just make sure that if you take a Zero dep insurance, is the extra premium justified over taking a comprehensive one.

**abhi1991** · 03-20-2016, 08:48 PM

Re: KTM RC 390 Ownership Experience

Originally posted by paradoxx View Post

Lol
Zero dep means you won't have to pay any money from your pocket while making a claim except a small processing fee.
In a comprehensive insurance, the company take in account the depreciation of the value of parts and will pay accordingly (they have some complex formula to calculate this) the rest of the cost has to be borne by the owner.
While buying the policy just make sure that if you take a Zero dep insurance, is the extra premium justified over taking a comprehensive one.

wow now that was pretty simple thanks. So one more what are the company that are prociding this type of insurance as for the dealership they have tie-up with bajaj finance so obviously wont give me any information of other options and will try to push me into going wth bajaj..

**paradoxx** · 03-20-2016, 08:53 PM

Re: KTM RC 390 Ownership Experience

Originally posted by abhi1991 View Post

wow now that was pretty simple thanks. So one more what are the company that are prociding this type of insurance as for the dealership they have tie-up with bajaj finance so obviously wont give me any information of other options and will try to push me into going wth bajaj..

Usually all the reputed insurance companies provide zero dep.
I think even bajaj should. You can buy any insurance which you feel suits you according to premium rates.

Though you may not get cashless facility from your dealership if you go with some other company.

Cashless facility is basically that your dealership and the insurance company deal directly and the payments are done directly. Your involvement is not required. It's an added convenience.

Ask your dealership with which other companies do they have cashless facility.

**abhi1991** · 03-20-2016, 08:54 PM

Re: KTM RC 390 Ownership Experience

Originally posted by paradoxx View Post

Usually all the reputed insurance companies provide zero dep.
I think even bajaj should. You can buy any insurance which you feel suits you according to premium rates.

Though you may not get cashless facility from your dealership if you go with some other company.

Cashless facility is basically that your dealership and the insurance company deal directly and the payments are done directly. Your involvement is not required. It's an added convenience.

Ask your dealership with which other companies do they have cashless facility.

sure bro thanks for the heads up..appreciate your help

**thrustrev** · 03-20-2016, 09:14 PM

Re: KTM RC 390 Ownership Experience

Originally posted by abhi1991 View Post

damn! its going too technical for my teeny-weeny brai to understand.

What should I be aware of when am booking my RC390 regarding this insurance stuff some one put it im simple english..:P

In a Zero Depreciation insurance, basically they pay full amount for the parts and repair while you have to just pay the claim/processing charges.

In a comprehensive insurance, they usually consider the age of the part and what not, it's a complicated calculation. They basically depreciate the value and pay the money. You'll have to pay the remaining amount.

In both the kind of policies mentioned above, when you make a claim, you will have to pay the bill amount and a few days later, the insurance company will credit the money into your account.

In case your service center has a tie-up with an insurance company and you purchase a policy from that insurance company, when you go in for a claim to that service center, you just have to pay the processing/claim charges and the rest will be paid directly to the service center by the insurance company.

**abhi1991** · 03-20-2016, 09:19 PM

Re: KTM RC 390 Ownership Experience

Originally posted by thrustrev View Post

In a Zero Depreciation insurance, basically they pay full amount for the parts and repair while you have to just pay the claim/processing charges.

In a comprehensive insurance, they usually consider the age of the part and what not, it's a complicated calculation. They basically depreciate the value and pay the money. You'll have to pay the remaining amount.

In both the kind of policies mentioned above, when you make a claim, you will have to pay the bill amount and a few days later, the insurance company will credit the money into your account.

In case your service center has a tie-up with an insurance company and you purchase a policy from that insurance company, when you go in for a claim to that service center, you just have to pay the processing/claim charges and the rest will be paid directly to the service center by the insurance company.

now getting a clear picture of things thanks bro

**B7ACKTHORN** · 03-21-2016, 12:03 AM

Re: KTM RC 390 Ownership Experience

To simplify the insurance even further.

Zero dep can can be availed from the showroom during taking delivery or post renewal period, this is irrespective of the insurance provider.

Zero dep is certainly an eye-wash, though it covers, rubber, nylon fiber, plastsic etc cetera the fine print can sometime be misleading as say insurance guys only entertain certain parts, not completely though, such can be a hindrance in case of a mishap

Thirdly, zero dep is a max of two years and maximum of two claims/per year. After two years you revert back to standard, remember zero dep is an sub segment, on the insurance segment, not a segment itself.

Cheers!
VJ

**DoubleagentZ** · 03-21-2016, 12:33 PM

Re: KTM RC 390 Ownership Experience

Originally posted by B7ACKTHORN View Post

Thirdly, zero dep is a max of two years and maximum of two claims/per year. After two years you revert back to standard, remember zero dep is an sub segment, on the insurance segment, not a segment itself.

Cheers!
VJ

Bajaj insurance zero dep is for 3 years and 3 claims per year

**B7ACKTHORN** · 03-21-2016, 12:45 PM

Re: KTM RC 390 Ownership Experience

Originally posted by DoubleagentZ View Post

Bajaj insurance zero dep is for 3 years and 3 claims per year

As I earlier said, it depends on the service provider. Most of the insurance providers have it for 2 years max. Bajaj certainly seems to have extended the policy that's not bad, but ultimately zero dep/nil dep is only temporary and not a permanent option. For nil depreciation add on say 1000 to 1500 Rupees is still charged on the party, that is a loss. Banks have complicated formulas and red tape they try to reduce as much as they can when it comes to accident/damage reimbursement.

Cheers!
VJ

**Sird** · 03-21-2016, 12:46 PM

Re: KTM RC 390 Ownership Experience

Just a update on my tyre crack issue if someone is following up.

After doing a bit of chit - chat and research, there's some good news.

I've used the front cracked tyre for 5000 km till now. So I will pay 3000₹ and they'll gimme a new Metzeler as an exchange

Sounds a lot better than paying for the whole new tyre.

Other people those can see cracks in their tyre in new bike should talk to their service center.

**Divya Sharan** · 03-21-2016, 04:47 PM

Re: KTM RC 390 Ownership Experience

Originally posted by Sird View Post

I've used the front cracked tyre for 5000 km till now. So I will pay 3000₹ and they'll gimme a new Metzeler as an exchange

That's brilliant!

**mehernosh** · 03-21-2016, 05:22 PM

Re: KTM RC 390 Ownership Experience

First post on xbhp. Can't wait to get my RC 390 this Friday

BTW what gloves do you guys use can you recommend any good gloves below 2.5k? I'm thinking of Alpinestars Spartan Gloves: Black [ASTSPAGK] for now. Mostly for city use and might go once or twice a month to Pondicherry (120 kms from my place)

Originally posted by Venkat0412 View Post

No headlamp switch in 2016 model. My friend recently took delivery of 2016 RC390.

Originally posted by abhi1991 View Post

guys I visited a showroom to chck out RC390 but the guy said tat the 2016 versions are being launched in my place Chennai by March 23rd only. It was kindof hard to beleive ia this true or should I enquire with other dealers??

Which showroom? I'm getting my RC 390 from KTM Adyar and they told me they have only one bike and they're getting the lot today or tomorrow and I'll get it by Thursday or Friday after RTO registration.

Originally posted by Sird View Post

Just a update on my tyre crack issue if someone is following up.

After doing a bit of chit - chat and research, there's some good news.

I've used the front cracked tyre for 5000 km till now. So I will pay 3000₹ and they'll gimme a new Metzeler as an exchange

Sounds a lot better than paying for the whole new tyre.

Other people those can see cracks in their tyre in new bike should talk to their service center.

This was the only issue I was worried about before getting the RC 390 and I'm happy to see they'll replace it for 3k. Wouldn't wanna pay 17k for both tyres after few thousand kms.

**abhi1991** · 03-21-2016, 05:31 PM

Re: KTM RC 390 Ownership Experience

Originally posted by mehernosh View Post

First post on xbhp. Can't wait to get my RC 390 this Friday

BTW what gloves do you guys use can you recommend any good gloves below 2.5k? I'm thinking of Alpinestars Spartan Gloves: Black [ASTSPAGK] for now. Mostly for city use and might go once or twice a month to Pondicherry (120 kms from my place)

Which showroom? I'm getting my RC 390 from KTM Adyar and they told me they have only one bike and they're getting the lot today or tomorrow and I'll get it by Thursday or Friday after RTO registration.

This was the only issue I was worried about before getting the RC 390 and I'm happy to see they'll replace it for 3k. Wouldn't wanna pay 17k for both tyres after few thousand kms.

The Porur and AshokPillar ones. Both dont have a test drive bike.

Did you get a chance to do a test drive? I would have chosen Adyar's but its kind of far from where I reside compared to these two.

Yeah the Porur rep said that a lot will be coming on 22 or 23rd. But what was weird is that he said that this was the first batch of 2016 models being rolled out LOL!

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