19-12-2017 11:53 AM
There are some costs which car owner will have to bear over and above the claim amount.
Generally customers are made aware of these costs initially only.
Compulsory Deductible : This cost depends on the cubic capacity of the vehicle.
Depreciation : The age of the vehicle is taken into consideration. As with time the value of vehicle decreases. That is why depreciation is applied during the replacement of the parts.
Consumables : When parts of the vehicle which are totally ruined or are unfit to use after accident, there cost are bear by customers if specific add on not taken for eg. Cost of Consumables.
Towing Charges : Insurer put limit on the amount of Towing Charges, after that limit Customer have to bear the cost.
Claim for existing damages : When some of the parts of vehicle are already damages before the loss, then repair cost of those parts are borne by Customer.