3) Only a Registered Property Retains Ownership

Even if you have lost your property document or it has been destroyed, you can retain your ownership and the property rights if during the time of purchase you had registered the property in your name after paying the stamp fee to the government. According to the ruling your property will be considered lawfully transferred only when it is duly registered. This will safeguard you from property theft and the information stored with government will also provide you with a clear picture about legal obligation or liability subjected to the new property which you intent to buy.

4) Insurer Has To Pay If a Policy Is Cancelled After an Accident

For instance you make a default in paying the insurance premium and your policy is not cancelled by your insurer, then your insurer will become liable for your accident because your insurance contract was valid at the time of the accident. In the other case too, when the insurer cancels your policy, but before the intimation of cancellation reached to you, your accident occurred, and then the insurer will become liable to cover the risk.