car met accident while getting RC transferred

[visht2225]

There must have been executed a delivery note for the sale proceedings of the vehicle. That should be sufficient evidence for the change of ownership of the vehicle as documentation would consume some time. This fact put before the Insurer and a letter from the RTO stating the date of application for transfer of ownership should suffice. Buying a new insurance would be waste of money instead of getting the existing policy transferred to your name. There cannot be two insurance policies for a single vehicle.

[>take]

There must have been executed a delivery note for the sale proceedings of the vehicle. That should be sufficient evidence for the change of ownership of the vehicle as documentation would consume some time. This fact put before the Insurer and a letter from the RTO stating the date of application for transfer of ownership should suffice. Buying a new insurance would be waste of money instead of getting the existing policy transferred to your name. There cannot be two insurance policies for a single vehicle.

- What in case the seller do want to keep his insurance?
- What if the Insurance is not part of the deal? In most cases, buying new insurance for the old car may still be cheaper.
- If you are buying a new insurance policy - you can buy it for next 12 months. But if you are transferring it will be for balance days/months of the transfered policy.
- If you are member of Automobile Association of India (AAI) - this gives you a discount on the premium rates.T he discount could be lower of 5% or 200 on the own damage premium for private cars.

There cannot be two insurance policies for a single vehicle.

You can buy insurance for same registation number from different insurers. What is the issue?

[jagdish0008]

I am having similer issue Please let me know if you claim got settled