In case my vehicle is sold and an accident occurs while the policy is in the process of being transferred, would the new owner be eligible to file a claim?

The new owner of a vehicle is eligible to file a claim on the car even if the insurance is still in the process of being transferred to him/her.

Apnainsurance.com Research Bureau

29 Nov 2007

Yes, the new owner is eligible to file a claim. The only condition is that the request for transferring the car insurance policy should be received by the insurance company before the accident has occurred.

See also:

What is Malus?

What is No Claim Bonus?

On sale and transfer of a vehicle, what happens to the Bonus/Malus?

What if I have sold my vehicle and the insurance policy will still take a few months to expire. Can I transfer my insurance policy?

Relevant FAQs:

What if I have a hire purchase or hypothecated vehicle that is stolen; who is eligible for the claim?

What if I have an accident with an uninsured vehicle? What is the extent to which I am covered?

What happens if there are two insurance policies simultaneously existing for one vehicle?

If there is a dispute regarding the claim settlement between the insured and the insurer, how is the dispute resolved?



Bookmark with:

Ask an Expert

Interview
Ask your personal finance query here and get personalized replies that meet your specific needs.

 

Feedback feedback