Inflated prices of body parts!!! and third party insurance

[vitz]

Hi All,

It was a risk I took by opting for third-party insurance for my EC, especially considering that my daily commute is very short. Unfortunately, I paid the price as a reckless three-wheeler driver, who blatantly violated road rules, crashed into me. As usual, when 3 wheel fellows break the rules often portray themselves as innocent and poor when held accountable. You know what would happen if the situation were reversed.

It would likely lead to a lengthy legal process to obtain compensation from their insurance company.

Regardless, I had to cover the costs for the front bumper, black front garnish, and silver garnish. What struck me was the inflated prices of these parts from local vendors in the Nugegoda area. It seems like these prices are set with insurance claims in mind.

For instance, the silver garnish for the front bumper was priced at Rs. 150,000.00, and the bumper itself was Rs. 150,000.00. Ironically, I managed to import the same silver garnish brand new (genuine) for Rs. 43,000.00 from Amayaxx. I hesitated to do the same for the bumper due to concerns about import taxes. See the substantial profit margins that vehicle part importers are making. I still wonder whether they are paying their fair share of taxes to the GVT.

In a place filled with reckless drivers and laws that do not adequately support the victim, especially in vehicle accidents, it makes me reconsider my decision on third-party insurance.

 

 

[Hyaenidae]

Yeah I too keep paying 85k/year despite my highest claim since 2014 being less than 100k

Switched from c******o to Fairfirst atleast. c******o buggers wanted 120k/year for a 6.5mil cover

Edited January 4, 2024 by Hyaenidae

[vitz]

  On 1/4/2024 at 6:56 PM, Hyaenidae said:

Yeah I too keep paying 85k/year despite my highest claim since 2014 being less than 100k

Switched from c******o to Fairfirst atleast. c******o buggers wanted 120k/year for a 6.5mil cover

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To me too....full insurances from 2009 -2021 costed a lot but barely any claims..