Search Results for "Third-Party Risk"

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Bombay High Court Dismisses Insurance Company's Appeal in Motor Accident Claim — Transit Policy Covers Third-Party Risk Even for Chassis. Insurer liable to pay compensation for death of passenger in chassis covered by transit policy as policy covers third-party risk under Motor Vehicles Act, 1988.

The appeal was filed by the New India Assurance Company Ltd. challenging the award of compensation by the Motor Accident Claims Tribunal, Aurangabad. ...

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Karnataka High Court Reduces Compensation in Motor Accident Claims for Rider of Motorcycle Under Section 163A of Motor Vehicles Act. Rider Held Not Entitled to Full Compensation as Liability Limited to Contractual Personal Accident Cover of Rs.1,00,000.

The case involved a fatal motorcycle accident on 08.12.2007 where the rider lost control and collided with a roadside stone, resulting in the death of...