14-day window only: Transfer insurance immediately when buying old vehicles

If not done within 14 days, the insurer can reject vehicle damage claims arising in the future

If you are planning to buy a second-hand vehicle, here’s a tip: Transfer the old insurance policy in your name or buy a new one immediately. This is the first step you should take to ensure that the vehicle is covered. This can be done even if the vehicle is not transferred in your name. All you need is a proof — receipt from the regional transport office (RTO) — that your application for transfer of registration certificate is in process. 

Recently, the Pune district consumer forum ruled that an insurance company can reject a claim if the new owner