V KARTHIK 02 February 2019

Motor Insurance

X has borrowed from a Bank and bought a car. X passed away by 2017 Feb , Y the son of X is driving the car as of now. Since the loan was borrowed by X and the car is Hypothecated to the Bank and loan is Live , name transfer after X death was not done.
The car met with an accident and was driven by Y the son of Deceased X.
Insurance is Live on the date of accident,
will Y get the claim ?

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V KARTHIK 02 February 2019

Clearly mentioned above , X car owner Died , Y is his son , car name transfer not done as there is a Bank loan hypothecation, live insurance available , car met with accident, can he get insurance claim for the car.

Suri.Sravan Kumar (senior) 03 February 2019

In my opinion the answer is NO. He will get other insurance say LIC etc.

V KARTHIK 03 February 2019

his son is the nominee and name mentioned on the insurance

Suri.Sravan Kumar (senior) 03 February 2019

I need some clarification. Pl call me

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V KARTHIK 03 February 2019

your contact please

Suri.Sravan Kumar (senior) 03 February 2019

pl chech your personal message

Motor Insurance

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