Ref - http://msdx.org/
Buying
a vehicle is getting easy day by day and with coming of organized platform
dedicated to this industry people are putting good amount of trust and are
inclined towards buying a used car of their preference. Today we bring you a
major point that people forgets to do while transferring the name of vehicle
owner.
Congratulations!
You bought a used car of your choice, the first thing that you are expected to
do now is to get the owner name transferred and be a legal owner as well. But
wait! If you bought a car that already has a valid insurance policy running
it’s important to also get the policy transferred as well to seek reimbursement
in case of repairing accidental damages.
On January 10, consumer court
bench dismissed a complaint by Pimple Gurav resident Vasant Gaikwad, who
alleged deficiency in service on the part of Bajaj Allianz General Insurance
Company for rejecting his claim of Rs 1.43 lakh against repairs of his car on
“flimsy grounds”. Court ruled out his plea to claim the reimbursement amount
irrespective of the fact that the policy was in the name of its previous owner.
The court relied on a 2014 ruling
by the National Consumer Disputes Redressal Commission in a case of Section 157
of the MV Act not complied with. “The complainant has failed to transfer the
insurance policy in his name. Hence, he cannot take the benefit of insurance
policy which was obtained by the previous owner.
Shriram Automall India Most
Trusted Platform for Buying & Selling of used vehicles & equipment
makes sure to educate its customer on such instances as we believe that the
customer should be protected against all odds be it in terms of insurance or
for choosing a transparent platform for buying used vehicles in India.
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