Yes you can! Reach out to your insurance provider and Inform them of the add-ons want to include in your policy. Pay the extra cost associated with the add-ons.
In India, you can generally claim insurance if you service your vehicle at a non-dealership repair shop, provided: 1. The shop is reputable. 2. The servicing adheres to the manufacturer’s standards. 3. You maintain detailed service records. 4. You review your insurance policy for specific requirements. 5. The vehicle’s warranty is not voided by using non-dealership services.
Yes, if the fault is on their side, you can use their third-party insurance to cover the damages.However, the cost of damages will be decided by the court of law.
Thanks a lot! Increasing your IDV can provide better coverage but will also increase your premium. Consider your car’s age and your budget before deciding.
Yes, if you claim for rat damage to your car, you will typically lose your No Claim Bonus (NCB). Claims generally impact your NCB, so consider the repair cost versus the benefit of keeping your NCB before filing a claim.
Sir but nan niraya insurance company kitta ketuten zero depreciation edukanuna car 5yrs kulla irukanum nu soldranga... Car vangi 5yrs kulla iruntha mattum than zero depreciation poda mudium sollitanga...
Bro, if i am claiming my 80% IDV value for 1 st year, then what will be my nxt year insurance amount will it be same or reduce by some amount due to idv depreciation or will get increased by some amount due to claiming of 80% of idv in 1st year does that directly affect my premium amount for nxt year. Most of them are not mentioning about this. Can explain this in detail.
If you claim 80% of your car's Insured Declared Value (IDV) in the first year, your insurance premium for the next year will be affected by several factors: 1.Depreciation: The IDV will naturally decrease due to annual depreciation (typically around 10-15%). 2. No Claim Bonus (NCB) Loss: You lose any NCB, which would have given you a discount on the premium. 3.Higher Premium: The insurer may increase your premium due to the large claim, seeing you as a higher risk. Example: Initial IDV: ₹10,00,000 Next Year IDV:₹8,50,000 (after 15% depreciation) Current Year Premium: ₹50,000 Next Year Premium: Without NCB: Suppose ₹45,000 base premium (due to lower IDV) Adding risk loading (e.g., 10%): ₹4,500 Total Premium: ₹49,500 In summary, after claiming 80% of your IDV, expect a higher premium next year due to the loss of NCB and risk loading, despite a lower IDV reducing the base premium.
Sir, recently i got my first car in second hand. Previous owner already claimed insurance last year for the same car, then the insurance got expired. Now can i able to acquire a new insurance with NCB with my name?
The NCB belongs to the policyholder and not the vehicle. If the previous owner made a claim, their NCB does not transfer to you. You can start accruing NCB from the first year of your new policy, provided you do not make any claims during the policy period. So, while you can't inherit the previous owner's NCB, you can build your own NCB over time with a claim-free period.
Can i cancel my insurance and re-apply .. i have an active insurance policy and that will expire next month .. last week i paid for insurance renewal can i cancel that and re-apply
Yes, you can cancel your insurance policy and re-apply, even if you have already paid for the renewal. To do this, contact your insurance provider to understand their cancellation process and any potential fees. Once canceled, you can re-apply for a new policy with the same or a different insurer.
Let's say I have claimed my insurance amount for 10 lakh in a financial year. Does that mean my car value will be depriciated by 10 lakh in the overall value of my car?
No, claiming an insurance amount of 10 lakh does not directly depreciate your car's value by 10 lakh. The claim covers repair or replacement costs due to damage. Depreciation is a separate process based on the car’s age, mileage, and wear and tear. While a claim might slightly affect resale value, it doesn't directly reduce the car’s value by the claim amount. Depreciation continues as per the usual schedule. You will lose NCB for next year!
Very interesting sir… thank you. Tell me about AMC, difference in AMC and insurance
Intha video ku than nan wait pannitu irunthen thank you sir.. ❤
Sir
Purchased new one one month before can we add on some of the things in insurance..?! Is it possible this situation
Yes you can! Reach out to your insurance provider and Inform them of the add-ons want to include in your policy. Pay the extra cost associated with the add-ons.
@@karsenz thanks ton
Company service pannalana , insurance claim panikalama ?
In India, you can generally claim insurance if you service your vehicle at a non-dealership repair shop, provided:
1. The shop is reputable.
2. The servicing adheres to the manufacturer’s standards.
3. You maintain detailed service records.
4. You review your insurance policy for specific requirements.
5. The vehicle’s warranty is not voided by using non-dealership services.
@@karsenz Thanks for the clarification
Suppose ipo 2 vehicle crash aairuchu, en car damage ku opp party ooda 3rd party use panniklm ah? Apo namma own damage claim use panna thevai iliya?
Yes, if the fault is on their side, you can use their third-party insurance to cover the damages.However, the cost of damages will be decided by the court of law.
Abs motor ku elm ena add on?
Sir, i purchased a car in bankloan bank inssist me to get OD insurance ...is really need for loan vechile...must OD for loan vechile
Good infromation bro. Is it adviceable to increase IDV??
Thanks a lot! Increasing your IDV can provide better coverage but will also increase your premium. Consider your car’s age and your budget before deciding.
Karthick bro the legend 🔥🔥
100 💯 useful content
Please do these kind of podcasts kind discussion.......
If Rat bite means..?What about ncb
Yes, if you claim for rat damage to your car, you will typically lose your No Claim Bonus (NCB). Claims generally impact your NCB, so consider the repair cost versus the benefit of keeping your NCB before filing a claim.
Sir return to invoice add on la iruka nu epdi pakanum and atha old insurance la add pana mudiuma?
Look for “Return to Invoice” (applicable only for three years old car) in the add-ons section and Contact Your Insurer to add RTI cover.
Great information sir thank you
Sir but nan niraya insurance company kitta ketuten zero depreciation edukanuna car 5yrs kulla irukanum nu soldranga... Car vangi 5yrs kulla iruntha mattum than zero depreciation poda mudium sollitanga...
Bro, if i am claiming my 80% IDV value for 1 st year, then what will be my nxt year insurance amount will it be same or reduce by some amount due to idv depreciation or will get increased by some amount due to claiming of 80% of idv in 1st year does that directly affect my premium amount for nxt year.
Most of them are not mentioning about this. Can explain this in detail.
If you claim 80% of your car's Insured Declared Value (IDV) in the first year, your insurance premium for the next year will be affected by several factors:
1.Depreciation:
The IDV will naturally decrease due to annual depreciation (typically around 10-15%).
2. No Claim Bonus (NCB) Loss:
You lose any NCB, which would have given you a discount on the premium.
3.Higher Premium:
The insurer may increase your premium due to the large claim, seeing you as a higher risk.
Example:
Initial IDV: ₹10,00,000
Next Year IDV:₹8,50,000 (after 15% depreciation)
Current Year Premium: ₹50,000
Next Year Premium:
Without NCB: Suppose ₹45,000 base premium (due to lower IDV)
Adding risk loading (e.g., 10%): ₹4,500
Total Premium: ₹49,500
In summary, after claiming 80% of your IDV, expect a higher premium next year due to the loss of NCB and risk loading, despite a lower IDV reducing the base premium.
Thanks for your response bro😊@@karsenz
Nice...
Sir german cars matum dha deal panuvingala or all brands um deal panuvingala incase service nu vandha
Kindly contact Mr.Akaash +91 97874 88884 for slot availability and booking assistance.
Sir, recently i got my first car in second hand. Previous owner already claimed insurance last year for the same car, then the insurance got expired. Now can i able to acquire a new insurance with NCB with my name?
The NCB belongs to the policyholder and not the vehicle. If the previous owner made a claim, their NCB does not transfer to you.
You can start accruing NCB from the first year of your new policy, provided you do not make any claims during the policy period.
So, while you can't inherit the previous owner's NCB, you can build your own NCB over time with a claim-free period.
Sir automatic transmission pathi solla mudiyuma
Can i cancel my insurance and re-apply .. i have an active insurance policy and that will expire next month .. last week i paid for insurance renewal can i cancel that and re-apply
Yes, you can cancel your insurance policy and re-apply, even if you have already paid for the renewal. To do this, contact your insurance provider to understand their cancellation process and any potential fees. Once canceled, you can re-apply for a new policy with the same or a different insurer.
Idv is customisable
Nice info
Let's say I have claimed my insurance amount for 10 lakh in a financial year. Does that mean my car value will be depriciated by 10 lakh in the overall value of my car?
No, claiming an insurance amount of 10 lakh does not directly depreciate your car's value by 10 lakh. The claim covers repair or replacement costs due to damage. Depreciation is a separate process based on the car’s age, mileage, and wear and tear. While a claim might slightly affect resale value, it doesn't directly reduce the car’s value by the claim amount. Depreciation continues as per the usual schedule.
You will lose NCB for next year!
@@karsenz Thanks a lot for the info. Waiting for more videos on the series.
Bro hydro carbon cleaning pathi detail ah oru video podunga or shorts la solunga