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What happens to ACO car insurance when the policyholder dies?

 What happens to ACO car insurance when the policyholder dies?

Read this article to understand what happens to the car insurance policy purchased from Acko when the policyholder dies.


Death is very difficult to deal with however, it is inevitable. With the death of someone comes a lot of papers. One of these crucial pieces of paper is the ownership of the car insurance policy. In normal cases, ownership of the vehicle is transferred to the owner's legal heir in the event of his death. Similarly, car insurance is also transferred to the legal heir to the policyholder. This article will provide you with details about what happens to the car insurance policy purchased from ACO General Insurance in the event of the death of the policyholder.


Ownership of ACO Car Insurance Company after the death of the policyholder

Under normal circumstances, the car insurance policy is transferred to the legal heir of the policyholder in the event of death. If the policy expires, the legal heir can inform ACO General Insurance and renew the policy in the name of the policy holder. The policy is then transferred in the name of the candidate or legal heir. Here are the parties concerned when the car insurance policy has to be transferred - 


ACO General Insurance 

In the event of the death of the holder of the document, the candidate or family members must ensure that ACO Insurance is notified. This is mainly because it will need to make certain changes to its policy documents because of the demise of the policy owner. 


Legal heir 

At the time of purchase of the car insurance policy, the policyholder will be asked to mention a candidate for this policy. The candidate is entitled to the settlement amount along with the ownership of the policy in the event of the death of the holder of the document in the event of an accident. If the holder of the document does not provide the details of the candidate, the policy will simply be transferred to the deceased's legal heir. 


Regional Transport Office 

RTO plays a key role in transferring ownership of the vehicle as well as the car insurance policy. In the event of the death of the holder of the document, the legal heir must obtain the registration certificate of the vehicle transferred from the deceased's name to his name from RTO.  


Cases of natural succession of car insurance policy 

There are two common cases where there is a natural succession to ownership of the car insurance policy. - they are. 


In cases where the husband is the candidate

If the policyholder mentions the candidate's name in the car insurance policy policies, the policy transfer will be smooth. However, the deceased's husband will be required to submit some documents such as RC for the vehicle, the death certificate of the holder of the document, no certificate of objection from the bank if the car is purchased on loan, RTO forms, and the certificate of succession, Marriage certificate, Aadhar card, etc. 


In cases where the holder of the document is a parent 

If the policyholder is a single parent, the natural successor to the ACO car insurance policy will be the children of the deceased policyholder. If the policyholder has more than one child, the brother who is chosen as a legal heir in accordance with due legal procedures is the one who obtains ownership of the car insurance policy. The successor will request documents such as the death certificate of the holder of the document, a certificate of no objection from the bank in the event of the purchase of the car on loan, the original policy papers, the PUC certificate, the RC certificate of the vehicle and the certificate of succession Besides the Aadhar card version that attests to itself. 


Take away

When transferring ownership of car insurance, be sure to identify the legal heir without conflict. Inform ACO General Insurance of the change of ownership as soon as possible. The candidate or successor will be asked to contact local RTO to transfer ownership of the vehicle before the car insurance policy. Driving without a valid insurance policy can be dangerous and legally problematic. Thus, complete the authentication process before taking your car out.


Read also: 

How do I know when the car insurance policy is due?

Best insurance for additional cars covers and their importance

Disclaimer: This article is published in the public interest and is intended for public information purposes only. Readers are advised not to rely on the contents of the article as crucial in nature, and further research or expert consultation should be conducted in this regard.


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