Can a Used Car Use the Previous Owner's Compulsory Traffic Insurance?
1 Answers
Used cars cannot use the previous owner's compulsory traffic insurance. After the transfer of ownership of a motor vehicle is completed, both parties involved in the transfer need to go to the insurance company to complete the insurance transfer procedures for the motor vehicle. This will not affect the normal use of the motor vehicle in the future or the claims process. Compulsory traffic insurance for motor vehicles can be purchased from local insurance companies, via telephone insurance services, or through third-party software. Regardless of the method used to purchase the compulsory traffic insurance for the motor vehicle, it can be effectively obtained without affecting the vehicle's usage. Compulsory traffic insurance for motor vehicles is a mandatory type of insurance. It is an insurance policy established by the state in accordance with legal regulations. Driving a motor vehicle without compulsory traffic insurance is considered illegal and violates the Road Traffic Safety Law. The purpose of compulsory traffic insurance is to provide compensation within the coverage limits for personal injuries, deaths, or economic losses caused by road traffic accidents involving motor vehicles that have purchased the insurance.