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Insurance from which company?

Discussion in 'Insurance & Loan Reviews' started by nitinkumardba, Sep 26, 2010.

  1. nitinkumardba

    nitinkumardba Superiore

    Guys, my insurance is due in November 2010. Please suggest which I need to opt.

    My current insurance is from Future Generali and I've taken claim twice so far.

    Ex-showroom price has been increased by around 31K. I am not sure weather old ex-showroom value or new ex-showroom value or value in insurance paper would be considered by insurance company.

    I think depreciation should be calculated on new ex-showroom value as this can give current actual value.
  2. Nitin as far as i know depreciation would be calculated from the old value and not new value.
  3. Ravi

    Ravi Staff Member Janitor

    Messages:
    6,001
    Bangalore
    Grande Punto 1.3
    Yes the depreciation should be calculated on old value.
    Also for new insurance, depends how much they ask for new premium and based on your previous year experience.
  4. Andy

    Andy Esperto

    Messages:
    1,109
    Chembur Mumbai
    Mumbai
    Grande Punto 1.3
    Yes the depreciation is calculated on the old value and not on the new one..
  5. nitinkumardba

    nitinkumardba Superiore

    Andy, Tata-Aig is ready to give IDV as 390000 but premium is around 13900. My Lats year IDV was 379500. And this premium covers 2 times 100% cover (Full amout of Fiber, glass etc.) + Hotel Facility upto 10000 for family per night + 24X7 RSA with Tow facility.

    On top of this, TATA-AIG is cashless in Elegant Cars where I go for ASS. I think its good deal. What do you say?
  6. Andy

    Andy Esperto

    Messages:
    1,109
    Chembur Mumbai
    Mumbai
    Grande Punto 1.3
    I guess it wont have depreciation on metal parts as well..

    I guess my friend Quaid has got the same one.. Its a great deal... GO for it...

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