Insurance companies not to revaluate insured vehicles
A consumer court has ruled that the insurance companies are not allowed to re-assess the market value of an insured vehicle, once a policy for a specific amount is issued against the requisite payment, reports Economic Times.
"Once an insurance policy for a specific amount is issued against the requisite payment, it is no more open to the insurance companies to re-open the issue as to the market value of the vehicle," Delhi State Consumer Disputes Redressal Commission (SCDRC) observed. More....
"Once an insurance policy for a specific amount is issued against the requisite payment, it is no more open to the insurance companies to re-open the issue as to the market value of the vehicle," Delhi State Consumer Disputes Redressal Commission (SCDRC) observed. More....
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