Don’t forget to get an insurance policy for your second-hand vehicle – The Hindu BusinessLine

It is common for insurance companies to come across cases where the owner of a second-hand car files for a claim with an insurance policy that is still in the name of the first owner. Unfortunately, insurers have to reject such claims as the valid contract (insurance policy) is between the first owner of the vehicle and the insurer, but the vehicle has already changed ownership. As per the policy terms and conditions, the vehicle registration certificate and the insurance policy must be in the same person’s name.