Insurance

Car Insurance claim Rejected #car #finance #education #insurance

๐ŸŒŸUsing Your Private Car for Commercial Purpose:

๐Ÿ”ธIf you have informed your insurance company that youโ€™re using your car for personal reasons, but have been using it for commercial purposes on a regular basis, there is a high likelihood that your claim will be rejected in the event of an accident.

๐Ÿ”ธThere is a case where Manโ€™s insurance claim for car theft rejected for using pvt vehicle for commercial purposes

โžก๏ธThe policyholder had availed the car insurance policy for his personal use. However, going against the terms laid down while the car was being insured, the policy holder had subsequent hired it out for commercial purpose.

The District Commission rejected the claim of insurance as the underlying insurance did not extend to cover risk associated with commercial use. In many cases, situations like this arise. Therefore, as suggested above, the policy holders must be careful of the extent of risk cover and the risks excluded in the policy document to avoid rejection of claims at a later stage,โ€ said Simranjeet Singh, Partner, Athena Legal.

#car #carinsurance #savemoney #moneymanagement

teljes filmek magyarul

Share
Published by
teljes filmek magyarul

Recent Posts

The BEST Travel Cards in 2024 | Credit Cards & Debit Cards

In this video we'll look at the best credit cards and debit cards for travel.…

43 perc ago

THIS Credit Card About to Offer a 120,000 Points Bonus (Rumor)

Learn more on the Chase Ink Unlimited: https://www.referyourchasecard.com/21q/UJJOBUC4W3 Click "show more" for ad disclosure ๐Ÿ …

43 perc ago

Paying A Credit Card Bill (I Wish I Knew THIS)

๐Ÿ› ๏ธ ๐Ÿ“ˆ ๐‘๐š๐ข๐ฌ๐ž ๐˜๐จ๐ฎ๐ซ ๐‚๐ซ๐ž๐๐ข๐ญ ๐’๐œ๐จ๐ซ๐ž ๐…๐š๐ฌ๐ญ๐ž๐ซ ๐ฐ๐ข๐ญ๐ก ๐‚๐‘๐„๐€๐“๐ˆ๐•๐„ ๐‚๐‘๐„๐ƒ๐ˆ๐“ ๐’๐Ž๐‹๐”๐“๐ˆ๐Ž๐: https://bit.ly/CcS11NR ๐Ÿ’ณ ๐๐ฎ๐ข๐ฅ๐ ๐๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ…

43 perc ago