BENGALURU: For the final three days, Prateek Madhukar, a resident of Whitefield, has been ready for his automobile to be examined, after the Tata Altroz acquired caught in waterlogging. Madhukar has not touched his vehicle since then.
“My insurance company needs to get the vehicle examined at their authorised dealership. But they are all full right now and not accepting more vehicles. They said it will take time. The sad part is that since my vehicle is under warranty, I cannot take it to any other workshop…,” he advised TOI over telephone.
Madhukar is amongst many voters in Bengaluru and different elements of Karnataka who’re attempting to assert their vehicle insurance following the latest floods. They are additionally attempting to verify their insurances are in place.
Insurance companies say whereas the precise affect will likely be identified within the subsequent couple of weeks, they’re already receiving extra queries about add-ons to present insurances.
Bajaj Allianz General Insurance stated whereas each motor and non-motor claims have gone up, motor insurance claims have risen extra.
“Claims are predominantly due to vehicles breaking down or getting submerged in water. We anticipate additional claim intimations to be reported within the next few days,” Sasikumar Adidamu, chief distribution officer – institutional gross sales at Bajaj Allianz General Insurance advised TOI.
The insurance firm stated folks shouldn’t attempt to crank or push-start the engine in case it’s caught in a waterlogged space. That can invalidate the insurance declare.
Insurance coverage aggregator PolicyBazaar witnessed a rise in demand for add-ons like zero depreciation and engine protector cowl during the last two months. An engine protector cowl helps in case of water-related injury to the engine.
“Overall, there is a 28% increase in attachment of engine protection add-ons from May 2022 to date, whereas, in Karnataka, the numbers have gone up by 55% in the same period,” stated Ashwini Dubey, head of motor insurance renewals at Policybazaar.
KN Arun, a professor on the Asian College of Journalism in Chennai, says the most effective factor to do is to name the service engineer to look at the vehicle on an as-is-where-is foundation. “If it is done by a local service engineer, s/he can help you explain the extent of damage to the insurance company. But firms will want it examined by their authorised service engineer before letting you claim the insurance,” stated Arun.
“My insurance company needs to get the vehicle examined at their authorised dealership. But they are all full right now and not accepting more vehicles. They said it will take time. The sad part is that since my vehicle is under warranty, I cannot take it to any other workshop…,” he advised TOI over telephone.
Madhukar is amongst many voters in Bengaluru and different elements of Karnataka who’re attempting to assert their vehicle insurance following the latest floods. They are additionally attempting to verify their insurances are in place.
Insurance companies say whereas the precise affect will likely be identified within the subsequent couple of weeks, they’re already receiving extra queries about add-ons to present insurances.
Bajaj Allianz General Insurance stated whereas each motor and non-motor claims have gone up, motor insurance claims have risen extra.
“Claims are predominantly due to vehicles breaking down or getting submerged in water. We anticipate additional claim intimations to be reported within the next few days,” Sasikumar Adidamu, chief distribution officer – institutional gross sales at Bajaj Allianz General Insurance advised TOI.
The insurance firm stated folks shouldn’t attempt to crank or push-start the engine in case it’s caught in a waterlogged space. That can invalidate the insurance declare.
Insurance coverage aggregator PolicyBazaar witnessed a rise in demand for add-ons like zero depreciation and engine protector cowl during the last two months. An engine protector cowl helps in case of water-related injury to the engine.
“Overall, there is a 28% increase in attachment of engine protection add-ons from May 2022 to date, whereas, in Karnataka, the numbers have gone up by 55% in the same period,” stated Ashwini Dubey, head of motor insurance renewals at Policybazaar.
KN Arun, a professor on the Asian College of Journalism in Chennai, says the most effective factor to do is to name the service engineer to look at the vehicle on an as-is-where-is foundation. “If it is done by a local service engineer, s/he can help you explain the extent of damage to the insurance company. But firms will want it examined by their authorised service engineer before letting you claim the insurance,” stated Arun.
