Had a detailed talk with the AGI guy.
So this is how it works. In case of accident if there are any parts that need change, we ll have to share cost at the rate of 10% per year. So if I need to get any parts replaced due to accident the next day I insure the car, I ll have to pay 40% of the cost as car is 4 years old. This is ridiculous.
Also, they couldn't tell me exactly what they'll pay me in case of total loss or theft. They say it would be equal to market value of the car but they don't have any way to tell the market value. The guy was like "Sir jee main ne apni gary bechy, bary hi achi condition main, itne paise milay so ap ki car ki itini value ki ho gi". wow such scientific method, much accuracy.
Adam jee has still not returned my call.