Can Insurance Be Transferred to the New Owner for Use?
1 Answers
Insurance can be transferred to the new owner for use. The following is a detailed introduction about vehicle transfer: 1. Overview: Vehicle transfer refers to changing the name of the vehicle's owner, which is an essential procedure in the process of buying and selling used cars. If there are issues such as car accidents, failure to participate in annual inspections, stolen vehicles, or smuggled vehicles, the transfer cannot be processed through normal procedures. 2. Precautions: When a vehicle is transferred from one city to another, the registration process required to change the affiliated vehicle management authority is called transfer of registration. Vehicle transfer of registration must involve changing the license plate and vehicle registration certificate, and the procedures should be handled separately at two vehicle management authorities, including the transfer-out procedure and the transfer-in procedure.