Insurance of car

S K SINHA (Querist) 23 January 2013 This query is : Resolved
Dear Sir,
I have two queries,
1. In car insurance, the cover note shows term of insurance as one full year(365 days). but when he received the Policy Bond, the term is shown as 6 months only(ostensibly, because premium was short charged). In case of claim, which one will prevail-- Cover Note or Policy Bond? Our plea is that Policy Bond will prevail over Cover Note.
2. One of my friends has purchased a second hand Truck. Will he get NCB? His insurer is allowing NCB. Our take is that since there is change in ownership no NCB can be transferred to new owner. If my friend gets his truck insured with NCB, what impact it shall have on Claim?

Thanking you,
S K Sinha

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Raj Kumar Makkad (Expert) 23 January 2013
1. Policy bond shall prevail.

2. NCB can be got transferred.

S K SINHA (Querist) 24 January 2013
Dear Sir,
Thanks a lot for your reply.
Perhaps I could not frame my second query properly.
My friend has purchased a second hand truck. Previous owner was getting NCB on this truck. Will this NCB of previous owner be transferred to my buyer friend?
Thanking you,
SKSinha,
Vashi

Raj Kumar Makkad (Expert) 24 January 2013
I have properly understood your query and accordingly I have advised you to get NCB transferred through insurance company.

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