Can Insurance Be Transferred After Vehicle Ownership Transfer?
1 Answers
There are four scenarios for transferring auto insurance: individual to individual (requiring both parties' ID cards, registration certificate, used car transaction invoice, and insurance policy), individual to enterprise (requiring ID card, organization code certificate or three-in-one business license, registration certificate, used car transaction invoice, and insurance policy), enterprise to individual (requiring ID card, organization code certificate or three-in-one business license, registration certificate, used car transaction invoice, and insurance policy), and enterprise to enterprise (requiring both parties' organization code certificates or three-in-one business licenses, registration certificate, used car transaction invoice, and insurance policy). After the vehicle ownership is transferred, if all the above documents are complete, you can choose to transfer the insurance at the vehicle's insurance company. Additionally, a transfer authorization letter is required if it involves a reduction in fees.