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Old November 10th, 2013, 10:51 PM
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Re: Car Insurance (India)

It is called co-pay.. all insurances will have it.. be it health etc.. the idea is unless necessary a person will not go for small claims every other day just cos he can do it.. so now if your damage is OVER 1000rs, it will make sense for a claim.. or else get it fixed and suck it up.. everybody and his brother will start claiming a 1000 rs reimbursement for a fused headlight bulb.. all it will take is a friendly mechanic to bloat up the damage..

Also remember many insurance cos will hike up your premium with every claim and pass on that benefit to another customer with a better claim record.. insurance waala daan karne thodi naa baita hai.. he will make sure to cover your base when shit hits the face but if you insist on falling face first into shit.. he can't do much about it but since they signed up an agreement he is stuck.. this is to ensure such things do not happen.
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