Insurance Firm Ordered to Pay ₹3.5L for Stolen Car Compensation
Insurance Firm Ordered to Pay ₹3.5L for
Stolen Car Compensation
A Kerala consumer court orders
NICL to pay ₹3.5L
to a car owner after rejecting his theft claim, citing a sale dispute. Justice prevails!
A Kerala consumer court orders
NICL to pay ₹3.5L
to a car owner after rejecting his theft claim, citing a sale dispute. Justice prevails!
The
car was stolen in 2012
while insured. NICL rejected the claim, stating the owner had sold it and had no insurable interest.
The
car was stolen in 2012
while insured. NICL rejected the claim, stating the owner had sold it and had no insurable interest.
The commission ruled the owner valid, as the car's registration remained in his name, per the Motor Vehicles Act, 1988.
The commission ruled the owner valid, as the car's registration remained in his name, per the Motor Vehicles Act, 1988.
Citing a
Supreme Court order,
the court held that ownership depends on registration records, not just sale agreements.
Citing a
Supreme Court order,
the court held that ownership depends on registration records, not just sale agreements.
NICL's rejection of the claim
was deemed a deficiency in service. The company must pay ₹3.5L plus ₹10K compensation.
NICL's rejection of the claim
was deemed a deficiency in service. The company must pay ₹3.5L plus ₹10K compensation.
The ruling upholds
consumer rights,
ensuring insurance firms honor valid claims despite technical disputes.
The ruling upholds
consumer rights,
ensuring insurance firms honor valid claims despite technical disputes.
The ruling upholds consumer rights, ensuring insurance firms honor valid claims despite technical disputes.
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