Commercial Vehicle owners push for extension of policy, but insurers disagree

Vehicle owners want to invoke the Indian Motor Tariff Endorsement 11, which asks insurers to either extend the policy or reduce the premium in the subsequent renewal if a vehicle is "laid up" in a garage for an extended period. However, the insured are required to inform the insurer in advance about such a lay-up.

from Auto-Industry-Economic Times https://ift.tt/3d9kUq4