Hey Guys
The Maruti dealer is asking 23K for new car insurance where as other agencies like HDFC Ergo is quoting 13K. but the problem is this - I see only a limited number of MASS centers that HDFC is tied up with. For example none in Arunachal or Andamans. This means either that
1. I will not get cashless facility if I need repairs in a location that has no tie-up
2. Towing charges upto 1500 offered in the T&C will not be refunded
Or (Horror ![EEK!](https://www.team-bhp.com/forum/images/smilies/eek.png) )
3. Does it mean repair charges will not be covered in such a case? Because there will be no accident insurance surveyor in the state who is affiliated with HDFC?
Cause looking at the terms and conditions of both Royal Sundaram and HDFC, I am listing some problematic areas that need clarification: Quote:
GENERAL EXCEPTIONS
(Applicable to all Sections of the Policy)
The Company shall not be liable under this Policy in respect of
1. any accidental loss or damage and/or liability caused sustained or incurred outside the geographical area;
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What is this geography? In the case of HDFC, since they have not listed Arunachal, does it mean I cannot avail benefit of insurance when I am there and meet an accident? Or does it mean outside the geography of India?
Other T&C of interest include Quote:
The Company shall not be liable to make any payment in respect of :-
(a) consequential loss, depreciation, wear and tear, mechanical or electrical breakdown, failures or breakages;
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Now what is consequential loss ? How do we define it? What is the kind of breakage not covered by insurance? Quote:
The insured may authorize the repair of the vehicle necessitated by damage for which the Company may be liable under this Policy provided that :
a) the estimated cost of such repair including replacements, if any, does not exceed Rs.500/-;
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Now what are they saying? That the owner can only authorize repairs up to 500 independently without the requirement of a surveyor? Anything above that amount cannot be claimed unless surveyor approves?
I also see that the T&C of both companies are the same except for layout. Are these common T&C set by IRDA? So the final question now is will I lose the benefits and convenience of country-wide facilities if I do not sign up with a default Maruti Insurer like Royal Sundaram and opt for HDFC?
Thanks
Last edited by Ragul : 30th October 2010 at 00:04.
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