Q 1 # How Owner can be covered, if Driver meets an accident - which results in death of other Party/ Death of driver ? Q 2 # How theft of Vehicle parts/ Vehicle itself is covered with insurance ?
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1. Yes if the vehicle is insured with third party insurance , and driver has valid license to drive the vehicle. In that case insurance company pay damages.also criminal case is against the driver.
2. If vehicle is insured in that case in case of theft the company is liable to pay damages.
In the event of a car accident, an insured person with a third party insurance policy is required to immediately inform the insurance company of the incident. If you were responsible for the accident (or the other driver believes you were responsible), it's almost certain that a claim will be made against you, which your insurance company will be expected to pay. So, it is of utmost importance that your insurance provider is aware about any accident you are involved in.
No liability of owner except compensation to injured if no insurance or license to driver.
Driver family can claim compensation from owner under workmen compensation act - from insurance company.
Theft FIR will file and claim will submit with insurance company, if stolen parts covered under the policy, company will compensate.
1. There will be contract regarding claims arising out of accident caused during possession of dealer.
2. It will be covered as it was during possession of owner.
1. Third-party policy: Covers only your legal liability for the damage you may cause to a third party - bodily injury, death and damage to third party property - while using your vehicle. • Personal accident cover for the owner-driver subject to conditions.
An “owner-driver" is the owner of the insured vehicle having a valid driving licence, according to the India Motor Tariff. This personal accident cover provides compensation in case of death or permanent disabilities due to an accident involving the insured vehicle
Personal items in a car aren't covered by auto insurance. If you have renters or homeowner's insurance, then you can file a claim for your items. Depending on the stolen items and your deductible, it may or may not be worth filing the claim.
1. IF vehicle insurance is a "comprehensive insurance" and covering third party liabilities (other liabilities can be added in policy with mutual consent of owner & insurance, by paying extra premium amount), THEN the owner is covered for:
a) All types of Accident, by licensed driver, which could involve third parties (other cars, public, other property etc....)
b) Fire /Riot /Flood /Theft of Vehicle in any & all manners.
2. There is no legal liability of Owner, in the event of above incidents.
1. Owner can't be directly roped in other than non transfer of the RC.
2. It's covered in the policy for theft
