u/Severe_Competition21

▲ 2 r/InsuranceTroubleIndia+1 crossposts

Motor insurance company changed salvage retention option after delaying claim

Hi, need advice on a motor insurance issue.

I informed my insurance company (Reliance General insurance) about my car accident on 28 May. Since then they have dragged the claim.

Car details:

2017 Maruti Suzuki Dzire diesel

Around 1 lakh km running

IDV: approx ₹2.68 lakh

Policy has zero depreciation cover

Official service center repair estimate is around ₹3.5 lakh

Because the official estimate is more than IDV/75% IDV, the insurance company is treating it as Total Loss/CTL.

But I told them I can repair the vehicle from outside for around ₹1.6-2 lakh with proper bills. Earlier they also told me that if I want to keep the vehicle, salvage bidding will happen and I can retain the car after adjustment/payment of salvage value.

Now they are saying there are only two options:

  1. Take total loss settlement, or

  2. Keep the vehicle and get less than/around ₹1 lakh.

My main question is: Can the insurance company refuse the earlier salvage bidding/vehicle retention/outside repair option without giving any proper reason or written calculation?

Also, practically, should I accept total loss in this situation, or is there any legal/practical way to push them for around 50% of IDV as repair settlement if I get the car repaired outside with bills?

reddit.com
u/Severe_Competition21 — 7 hours ago