Bike stolen - purchased bike on loan
1 year ago
I purchased bike on loan in 2015 and after 1 year bike stolen so i apply insurance, Insurance company denied to give insurance so i also not give any emi to loan company so any legal action happen ?
A.The action taken by the lender depends on the nature of the loan taken. The consequences may vary. But it's not good to not pay the emi, that may cause trouble for you.
Helpful
Helpful
Share
A.The action taken by the lender depends on the nature of the loan taken. The consequences may vary. But it's not good to not pay the emi, that may cause trouble for you.
Helpful
Helpful
Share
Read Related Answers
Regarding insurance claim rejection
Dear client, withour directly resorting to the complaint on the insurance company try to re-inititate the claim process and talk to them and submit the required documents. Even then if there is no cla...
Hospital avoiding cashless treatment
Dear Client,
In the given situation, bring the matter to the notice of the Grievance Cell of the concerned Insurance Company endorsing a copy to the insurance regulatory authority, IRDIA. In case, no...
Medical Insurance cancelled after 3 years
Dear Client,
Pre-existing diseases (PED) are mostly expensive to treat as they are chronic in nature. Unfortunately, most health insurance plans cover pre-existing diseases after a waiting period of 2...
Legal Liability for Helper Covered If Death occurs by Gun Firing
Dear Sir,
The copy of FIR and terms of life insurance policy are to be read minutely to answer your question.
Review of award by Insurance Ombudsman
Dear Sir,
You may approach Consumer Forum or High Court for getting justice in many cases same formula being used.
Read Blogs on Insurance
Insurance Lawyers
Find Lawyers by Location