What if a bike owner dies?

In the case of the policyholder’s death, the ownership of the two-wheeler is transferred to their legal heir. If the bike insurance policy is expired, the legal heir can renew the policy in their name or purchase a new Third Party Bike Insurance or Comprehensive Bike Insurance Policy.

Is the name of owner on RC and insurance policy same?

This is because the insurance policy acted as a valid document or contract between the first owner of the vehicle and the respective insurer, and not of the new owner. As per the terms and conditions of the insurance policy, the Registration Certificate (RC) and the insurance policy should be on the same person’s name.

How can I change my two wheeler insurance owner name?

The documents required to transfer two wheeler insurance are:

1. RC (Registration Certificate)
2. Details of the vehicle.
3. Original insurance policy.
4. Date of ownership transfer.
5. Name of the dealer.
6. Details of the premium paid for the original policy.
7. NOC (No Objection Certificate) from the previous policyholder.

What is not covered in two wheeler insurance?

Any damage or loss arising when the two wheeler is used by an unauthorised rider will not be covered by the insurance. Damage or loss or injury to the rider caused by manmade problems such as terrorism, riots or wars, and natural calamities such as tsunamis or earthquakes will not be covered by two wheeler insurance.

What is Form 29 transfer of ownership?

[See Rule 55 (1)] Form of notice of transfer of ownership of a motor vehicle. To be made and duplicate copy with endorsement of the Registering Authority to be returned to the transferee immediately on making entries of transfer of ownership.

Can the insurance and vehicle ownership be in different names?

Ans: No. You cannot transfer the RC or registration certificate of your car to someone else’s name without a vehicle insurance policy. This is because car insurance is one of the documents to be submitted to the RTO to get your four wheeler’s RC transferred.

What happens to insurance when you sell a bike?

Transferring Ownership of Insurance Visit the RTO office where you got your bike registered. Once you submit all the documents and get done with the procedure, the RTO will verify them and if everything goes in order, they will transfer the insurance ownership to the new owner.

Can two people insure one bike?

With multi bike insurance, you can insure multiple bikes on one policy. That means you’ll have one renewal date to remember, one premium to pay, and you may be able to get a discount.

How to renew a bike insurance policy?

For the valid renewal of a bike policy, it is important that you choose the correct insured name as per all records, that is, as per the RC and the previous policy documents. Even if it seems like a simple point, it is imperative that you pay it its due attention, as otherwise the policy will stand invalid.

What are the most common bike insurance mistakes committed?

One of the most common mistakes committed concerning bike insurance is forgetting to get the insurance policy transferred under the said circumstances. That either leaves you and your bike uninsured, or you have to buy a new plan. Decide to transfer the existing bike insurance policy plan from the old bike owner to your name, we say.

Can I drive a bike with RC on my father’s name?

You can drive with RC on your father’s name. You can run bike as usual, it doesn’t matter in whose name RC is. My bike’s RC is on my father’s name. He has died almost 10 years ago.

Does the name on the ownership need to match the policy?

The name on the ownership needs to match the name on the insurance policy. I think if you wanted to be insured on it, even under his name but as a principal operator, you need to live at the same address, as Nakkers said. The name on the ownership needs to match the name on the insurance policy.