responsibility for lapsing of car insurance policy and subsequent accident repair
4 months ago
Who is responsible for lapsing of car insurance policy & subsequent accident repairs of an uninsured car
A.Dear Client,
Nobody other than the Owner of the vehicle is responsible and liable for the lapse of renewal of the Insurance Policy and for subsequent accidents caused by an uninsured vehicle plying on the road. As per the Motor Vehicles Act, it is mandatory that all vehicles that operate in any public space must have a motor vehicle insurance cover. Policyholders must have at least 'third party liability' motor insurance cover even when opting for the basic insurance plans. Third Party Insurance is a statutory requirement.
Nobody other than the Owner of the vehicle is responsible and liable for the lapse of renewal of the Insurance Policy and for subsequent accidents caused by an uninsured vehicle plying on the road. As per the Motor Vehicles Act, it is mandatory that all vehicles that operate in any public space must have a motor vehicle insurance cover. Policyholders must have at least 'third party liability' motor insurance cover even when opting for the basic insurance plans. Third Party Insurance is a statutory requirement.
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