Thread Starter
#1
As some of you know, I recently bought a Pajero Sport. I since sold my old Corolla, to a buyer who is well known to me. The Insurance cover of the Corolla was due for renewal, hence I renewed for continuity of insurance cover during the discussion on the terms for sale of my Corolla specifically on 22nd August 2015.
Me and the buyer agreed upon the terms and we signed the transfer documents (form 28/29/30) on 10th September'15, and the buyer gave me a cheque dated 10th Sep'15 and took possession of the car on 11th Sep'15, a set of original documents is held with me.
In the mean time the buyer met with an accident on an outstation trip and damaged the car (front right panel damaged, so largely a painting and denting or panel replacement job). The buyer is concerned on the huge cost of repair which may come on him and wants to claim insurance.
Since I have parted with the car and signed the documents and delivered the car I would want not to have any claim in my name and sully my record and lose my no claim record.
I was under the impression that I am immune from any insurance claim and that the insurance company will automatically understand that the ownership had transferred. I just want to be sure before I advise the buyer to go ahead - he has been kind enough to wait for my reply on this.
Will be very grateful for your advise - is the insurance claim going to be under my name?
Me and the buyer agreed upon the terms and we signed the transfer documents (form 28/29/30) on 10th September'15, and the buyer gave me a cheque dated 10th Sep'15 and took possession of the car on 11th Sep'15, a set of original documents is held with me.
In the mean time the buyer met with an accident on an outstation trip and damaged the car (front right panel damaged, so largely a painting and denting or panel replacement job). The buyer is concerned on the huge cost of repair which may come on him and wants to claim insurance.
Since I have parted with the car and signed the documents and delivered the car I would want not to have any claim in my name and sully my record and lose my no claim record.
I was under the impression that I am immune from any insurance claim and that the insurance company will automatically understand that the ownership had transferred. I just want to be sure before I advise the buyer to go ahead - he has been kind enough to wait for my reply on this.
Will be very grateful for your advise - is the insurance claim going to be under my name?