Buying a 2nd Hand Car? Don't Forget This
Published at : March 29, 2022
Buying a 2nd Hand Car? Don't Forget This || bekifaayati #shorts
In the absence of the new vehicle owner’s name on the RC or Insurance policy, there exists no valid contract between the person who bought the 2nd hand car and the insurance company.
Hence, any accidental damage suffered by the new owner is not admissible under the previous policy.
Therefore, it becomes super important to transfer both RC and Insurance Policy in new owner’s name ASAP to avoid any legal hassles that may arise in the future
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#usedcar #2ndhandcar
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In the absence of the new vehicle owner’s name on the RC or Insurance policy, there exists no valid contract between the person who bought the 2nd hand car and the insurance company.
Hence, any accidental damage suffered by the new owner is not admissible under the previous policy.
Therefore, it becomes super important to transfer both RC and Insurance Policy in new owner’s name ASAP to avoid any legal hassles that may arise in the future
===============================================================================
Follow our channels (bekifaayati) on
Instagram: https://www.instagram.com/bekifaayati/
Facebook: https://www.facebook.com/kifaayati
Linkedin: https://www.linkedin.com/company/kifaayat/
Twitter:https://twitter.com/bekifaayati
#usedcar #2ndhandcar
===============================================================================
We Simply the World of Personal Finance!
Subscribe Our Channel to Uncomplicate Your Financial Life
https://www.youtube.com/c/bekifaayati
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