Can the insurance be transferred when the car ownership is changed?
1 Answers
Insurance can be transferred when the car ownership is changed. Automobile insurance: Automobile insurance mainly consists of compulsory traffic insurance and commercial insurance. Compulsory traffic insurance is mandatory but has limited coverage. Commercial insurance: Commercial insurance is optional and mainly includes the following types: vehicle damage insurance, which covers repair costs for your own vehicle due to collisions, with compensation provided by the insurance company. Third-party liability insurance: Third-party liability insurance covers compensation for injuries, deaths, or property damage caused by accidents involving both parties; the special clause for non-deductible insurance means that the part of the deductible that should be borne by the insured according to the terms will be covered by the insurance company.