The negligence includes failure to renew the policy on time,timely intimation to the Insurance Company in case of any accident to depute Surveyor for on the spot inspection, to keep the Original policy, Registration Certificate issued by Motor Vechicles Department, Smoke Test Certificate etc. in the vehicle itself.
The car owner and the policy holder better be the same person. If not nobody will be able to get the money. You cannot insure a vehicle that you do not own. If you do the insurance company cannot pay the policy holder because they don't own the vehicle. They can't pay the vehicle owner because they don't have a contract of insurance with the insurance company.
No a lien holder can not file a claim against the insurance company as they are not the named insured, you are. Although if there is a lien on the vehicle the insurance payment for damages to your vehicle will be in your name and the lien holder name. They then might require that you fix the vehicle so they can protect their interest in the vehicle. each lien holder is different. CORRECTION: If the lien holder is named on the policy and the vehicle has been repossessed, the lienholder has a right to recovery under that policy.
Certainly, liability insurance has nothing to do with who owns the vehicle. It deals with protecting the owner of the vehicle if sued as a result of an accident. Collision and theft protect the owner of the vehicle from loss.
An insurance company generally does not pay the lien holder directly. The vehicle owner is responsible for paying for insurance coverage and will often deal with the insurance company themselves after a collision has taken place.
Lien holder is paid first, any balance goes to registered owner.
Yes, they are required by law to notify your lien holder of any change in coverage.
If your lien holder repo's your vehicle, they can file a claim against your insurance for damage to the vehicle. The repo company itself would have no claim, because it's not their vehicle.
No, because there is not an insurable interest on your part. You can pay for it. But the titleholder of the vehicle is the policy holder.
A Personal to Holder (PTH) vehicle is a type of vehicle registration that is designated for personal use by the registered owner, or holder. This classification typically limits the use of the vehicle to non-commercial purposes, meaning it cannot be used for business-related activities or for hire. PTH vehicles are often subject to specific regulations and insurance requirements that differ from commercial vehicles.
is it a policy holder?
policy holder
Who is the lein holder on this vehicle