Last year in Aug’2009, I have bought New Hyundai i10 for Rs. 5,00,000/-. It has been insured for IDV Rs. 4,75,000/-. Last week, on Jaipur-Delhi Highway, it met with an accident with a truck and it is 90% damaged. So it is surveyed by Bharti Axa General Insurance’s Surveyor and declared it total loss. Now Bharti Axa General Insurance Company asked me to take Rs. 4,25,000/-. I am insisting that I should get IDV. As this is the value (accepted by Insurance company), by which it been insured for one year. Is my demand is wrong? Please advice.
Total loss car insurance claim?
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