I have one query regarding vehicle insurance renewal. This query came after looking at pattern of usage of vehicles mainly 2-wheers in our country. We have seen that many vehicles are owned by one person but used by other person without any financial gain/loss; this is seen particularly in close circle of relatives and friends. So below is the scenario:
Vehicle: 2 Wheeler
Purchase year: 2012
Owner of vehicle (on paper – RC Book): Person X
Person using vehicle (on daily bases): Person Y
person X and Y are related but no financial gain/loss transaction with respect to this vehicle)
Say a two wheeler purchased in 2012 is up for renewal and in last two policies the insurance document captures details of vehicle owner (Person X
- Name, DL No, DOB, Address, etc) but note that vehicle owner is not at all using this vehicle.
Question is now if I want to renew the policy, then can I give details of vehicle user (person Y
) and still the policy is valid?
Basically vehicle insurance is linked : to vehicle ? vehicle + owner ? vehicle + user ? vehicle owner ?