Do the insurance companies accept application for third party insurance of vehicle which is older than 50 years.Is there any guidelines regarding life of the vehicle beyond which it wo't have any value.If they don't have any value,why not they cover under third party insurance which is statuoary requirement of govt of India
2006-12-18 21:18:03 · 3 answers · asked by BOB 1 in Cars & Transportation ➔ Insurance & Registration
yes third party Insurance is when a vehicle has an accident with a vehicle & they claim insurance from the other party not their own Insurance, Vintage Cars which are well maintained do have Insurance & value. The Statutarry requirement of Govt.. of India is that it should be passed by RTO every 15 years.
2006-12-18 21:34:38 · answer #1 · answered by ragesh50 2 · 0⤊ 0⤋
The third Party InsUrance-saves u from the damaged caused to third party through ur vechile and the insurance company deals with whatever the loss occurs.
Regarding Vechile more than 50 Years old, If the local RTO office approves and gives u the fitness certificate of the vechile renew its registration, the insurance company will cover ur vechile with the insurance.
THANKS
2006-12-19 09:06:48 · answer #2 · answered by AVANISH JI 5 · 1⤊ 0⤋
hi not sure
2006-12-21 19:39:19 · answer #3 · answered by jerry 7 · 0⤊ 0⤋