The Pune Porsche incident – Insurance implications

    “An insurance policy for a new vehicle is issued based on the chassis number and engine number, and the vehicle registration can only be done if the vehicle is first insured for at least a third-party liability-only policy”.

    The limit of liability under a third-party only cover has NOT been defined in case of accidents that result in injury or death. The compensation to be paid out by the insurance company is decided by the court.



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