Insurance info

[awais.9]

i want to get my oriel prosmatec 04 insured
which insurance company would be best
what will be the percentage rate
n in case of accident,how much do they pay for spare parts or for repair?
n how much they cover in case of theft?
i am from islamabad.

[awais.9]

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[awais.9]

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[awais.9]

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[homayoon]

I dont know mcuh details but EFU, new Hampshire, NJI etc are good ones, usually one gets insurance @ 3% of the invoice value from these companies and i have heard that they are reliable and quick. For older cars you can assess the price of the car at your own.
Details can be obtained from various threads already existing on PW

[awais.9]

i got 2.51% rate from one insurance co that gives tracker + insurance assessing market price to b 11lac

[homayoon]

i got 2.51% rate from one insurance co that gives tracker + insurance assessing market price to b 11lac

This is too good an offer i believe. Somebody posted on PW that only employees are getting something like 2.8% so how come you are getting this offer. Please ensure that the deal covers all important aspects including third party insurance. It is advisable to go with a reputable company offering quality services at a premium rather than going for a cheaper option.

[Ehsan4808]

No Insurance company Insures Cars older than 5 years

[raza1]

^^ who told u? My previous cultus 2006 model was insured till dec 2012, sold recently.

Signature space under construction.

[awais.9]

This is too good an offer i believe. Somebody posted on PW that only employees are getting something like 2.8% so how come you are getting this offer. Please ensure that the deal covers all important aspects including third party insurance. It is advisable to go with a reputable company offering quality services at a premium rather than going for a cheaper option.

i dont remember the name of company right now,a relative is employee there who gave this info,might be that he got the discounted rate then
btw what is 3rd party insurance?
its near usmania in blue area

EDIT
its askari insurance company

No Insurance company Insures Cars older than 5 years

how do u think i got this rate then

[homayoon]

i dont remember the name of company right now,a relative is employee there who gave this info,might be that he got the discounted rate then
btw what is 3rd party insurance?
its near usmania in blue area
EDIT
its askari insurance company

Third Paty insurance means that the insurance company will also be liable to pay the other car involved in the accident.

[memad]

3rd party means your insurance will Only cover the cost of the damages done to other's car and property if you are at fault. It will provide no direct relief to the 3rd party policy holder.

[rashid81]

i got 2.51% rate from one insurance co that gives tracker + insurance assessing market price to b 11lac

2.51% rate is too good go for it, i myself work for an Insurance Company, but check that its a comprehensive insurance...

2012 10% Depreciation on new parts (Labour free)
2011 20% Depreciation on new parts (Labour free)
2010 30% Depreciation on new parts (Labour free)
2009 40% Depreciation on new parts (Labour free)
2008 50% Depreciation on new parts (Labour free)
2007 and lower 60% Depreciation on new parts (Labour free)

In case of theft, you will get Sum assured or market value of ur car whichever is low at that time... In ur case ur sum assured is 1,100,000 and may b mkt value of ur car is 10 lakh... So u wil get 10 lakh

[awais.9]

2.51% rate is too good go for it, i myself work for an Insurance Company, but check that its a comprehensive insurance...

2012 10% Depreciation on new parts (Labour free)
2011 20% Depreciation on new parts (Labour free)
2010 30% Depreciation on new parts (Labour free)
2009 40% Depreciation on new parts (Labour free)
2008 50% Depreciation on new parts (Labour free)
2007 and lower 60% Depreciation on new parts (Labour free)

In case of theft, you will get Sum assured or market value of ur car whichever is low at that time... In ur case ur sum assured is 1,100,000 and may b mkt value of ur car is 10 lakh... So u wil get 10 lakh

thanks for the info
i had in mind that depreciation rate keeps increasing 10% every year n it would go till 0
btw what is meany by sum insured,they said market value of this model is 11lac n 27610rs will be insurance sum
they said they give tracker to only those who go for insurance but not sure if they give insurance alone,tracker price was 16000
talked to him that tracker are useless but he said we got some new technology that makes jammers useless,is that true?
n can u tell if 3rd party insurance really covers damages or they just pay nominal amount

[raza1]

Choi sb, i told u same thing in another thread. Are u becoming gajini? Short term memory loss?

Signature space under construction.

[awais.9]

Choi sb, i told u same thing in another thread. Are u becoming gajini? Short term memory loss?

Signature space under construction.

which thread?
i dont check all threads where i post nor i have tapatalk to keep track of such threads like u

[raza1]

which thread?
i dont check all threads where i post nor i have tapatalk to keep track of such threads like u

:D, even i dont remember the thread and it is not about the thread or tapatalk, its the memory

https://www.pakwheels.com/forums/showpost.php?p=3465879

Signature space under construction.

[awais.9]

after reading my post i remember now
how can u call it short term memory loss,its been 2 months
sometimes if em talking about something n some1 interferes n i forget the thing,it never comes back n u r talking about 2 months old thing
btw i was talking about parts so new thing n different thing
anyways i dont get it,what is sum insured?the insurance premium u pay every year?

[rashid81]

thanks for the info
i had in mind that depreciation rate keeps increasing 10% every year n it would go till 0
btw what is meany by sum insured,they said market value of this model is 11lac n 27610rs will be insurance sum
they said they give tracker to only those who go for insurance but not sure if they give insurance alone,tracker price was 16000
talked to him that tracker are useless but he said we got some new technology that makes jammers useless,is that true?
n can u tell if 3rd party insurance really covers damages or they just pay nominal amount

Sum Assured is ur car's mkt value for which u got it insurred which in ur care is 11 Lakh rupees.

And By the way if you are paying Rs: 27,610 + 16,000 = 43,610 you are getting ur car insurred @ 3.97% which is not too cheap

[rashid81]

And 3rd party insurance covers the damage of any other vehicle(s) involved in accident with u due to ur mistake...