Can I get a refund for the insurance if my new car hasn't been licensed yet?
1 Answers
You can get a refund for the insurance if your new car hasn't been licensed yet. The reasons for the refund and the conditions that need to be met are as follows: Reasons for the refund: If your new car hasn't been licensed, you can get a refund for the insurance premium because the premium is calculated based on the duration of use, and the unused portion can be refunded. If there is duplicate compulsory insurance, or if the new car is taken back by the dealer due to quality issues or cannot be licensed due to technical parameter problems, the compulsory insurance can also be refunded. Conditions for the refund: There are three requirements for the refund: the insured vehicle is legally deregistered, the insured vehicle is officially declared as no longer in use, or the insured vehicle is confirmed as lost by an authoritative institution.