We all might be going a just a bit off topic but its all in the interest of our beloved Vento after all.
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Originally Posted by samarjitdhar If its a zero depreciation policy why should there be a 10% depreciation on the value? Sorry about the noob question ![Stupid](https://www.team-bhp.com/forum/images/smilies/Sign stupid.gif) . |
We all are noobs here, even me, everyday something new to learn.
A normal comprehensive policy gives your car a insurance cover. But when there is a accident, you give your car for repair. Workshop guy estimates and tells sir your front bumper & bonnet needs to be changed and cannot be repaired and you need to pay 50% depreciation cost on metal and plastic parts, just an assumption.
So if bumper & bonnet costs 10K each totaling 20K you end up paying 10K out of your own pockets. This is where Zero dep policy comes in and prevents any depreciation of parts and saves you the 10K which you were earlier paying.
Moral of the story, in Zero dep policy you are paying nothing other than claim processing fees. Thats is why almost everyone has started using Zero dep policy and for even a small dent on their bonnet ask the insurer to replace it since they have zero dep policy and they pay nothing. Abuse of policy, oh yes in some way.
Other thing, every object value is depreciated, otherwise if my Vento cost wont be depreciated by 10%, after 10 yrs it would have same value as earlier and if I total the car I get the complete amount for which I bought the car 10 years back. Which certainly wont be good for the insurer. So that's why 10% is the standard rate of depreciation for any policy you may own be it comprehensive or zero dep.
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Originally Posted by ninjatalli @Rohan - are you sure about the 5 year thingie by BA? I believe they do offer it only for 2 years. That's mostly the industry standards. |
In the month of April'12 when I renewed my car's policy Bharti Axa was giving Zero dep for 3 yrs and Bajaj Allianz for 5 yrs.
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Originally Posted by samarjitdhar Yeah I will perhaps need to do some more than casual research in the insurance threads now. I saw Bharti AXA offering 5 years in their website so the competition would generally have the same standard. Will check with Bajaj about their deal. |
Good to know that Bhati Axa is now offering Zero Dep for 5 years.
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Originally Posted by evilshantanu Also, how easy is it to clean the air filter, if I want to do it myself. |
First you need to remove the negative battery battery terminal. Disconnect MAF sensor from the airbox. Remove the screws from the lid. Then you need to move the metal ring on the air pipe going from airbox to engine, towards the left. Turn the air filter in the clockwise direction to remove it. Then again wash it and put it back in anti-clockwise direction. And follow the above instruction in reverse order.
But I did suggest to have it done from Workshop as you need to enable the VAS function.
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Originally Posted by samarjitdhar So basically it might be a better idea to get the car totaled when faced with a theft ![Stupid](https://www.team-bhp.com/forum/images/smilies/Sign stupid.gif) . By the way do the insurance companies also offer insurance on the ex showroom price of the car even if the car is one year old? Tata-AIG was ready to give me an offer like that for an additional 2K. |
With additional covers the premium keeps on rising. I was getting comprehensive cover for my Vento for less than 13K and I spent 22K to get Zero dep cover.
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Originally Posted by samarjitdhar My Vento will reach it's first birthday next month. Will update my first service experience soon. Plan to get the shorter version of the mud flaps then. I have also noticed that my Vento is growling a little louder than other TDI Ventos at idle RPM. Need to get that checked too. |
After the 1st service the noise will reduce, definitely. New engine oil, new air filter, VAS update to ECU will make the car all the better.