Page 249 - Motor Insurance Ebook IC 72

Guide for Motor Insurance

recovered and sold can be transferred in the name
of the buyer.

If the R.C. book and Taxation Certificate are also
stolen along with the vehicle, it will be necessary
for the insured to obtain duplicate ones from the
Registering Authority and thereafter letter to the
R.T.O. informing about the loss of the vehicle due
to the theft along with a Non-user Form so that he
is not made liable to pay the taxes. Copy of such
letter shall be given to the insurer.

It is always prudent to inform to concerned
Registering Authority by a Registered A/D letter
that a total loss claim is being processed for payment
in respect of the stolen vehicle and to request them
not to transfer the ownership of the vehicle to
anyone. This will prevent the thief from disposing
off the stolen vehicle.

3) Assessment of Loss - For arriving at the market
value of untraced vehicles, Insurers take the
opinion of 2 or 3 automobile surveyors after giving
them necessary information such as make, year of
manufacture, past claims, improvements carried, if
any, etc. If, say, three surveyors indicate three
different figures, the average amount is worked out,

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