Can the insurance still be used after the car is transferred?
2 Answers
After the car is transferred, the insurance can still be used. Introduction to car transfer: Vehicle transfer refers to changing the name of the vehicle owner. When buying a used car, in addition to checking the condition of the car, the most important step is to complete the transfer procedures. Principle of car transfer: Each car has a fixed registration, which mainly records the owner and address of the car, as well as some related car parameters. The transfer of the car proves that the car belongs to the owner and has no accidents or violations. When there are problems with the car, such as accidents, failure to participate in annual inspections, stolen vehicles, or smuggled vehicles, the normal transfer procedures cannot be completed.
Regarding whether the insurance can still be used after the car is transferred, I must say, as an experienced driver for many years, this situation is common but requires careful handling. After the transfer is completed, the insurance does not automatically follow; you must proactively contact the insurance company to update the information. The new owner provides the transfer certificate and identity documents, and the insurance company will adjust the policy to the new owner's name. If not updated, the insurance becomes invalid, and claims cannot be made in case of an accident. Not only would you have to pay for repairs out of pocket, but you might also violate traffic regulations. I’ve encountered several friends who handled this carelessly in the past, resulting in significant losses even from minor scratches. It is advisable to discuss insurance matters before the transfer, such as ensuring the compulsory traffic insurance is transferred to legally drive the car, while commercial insurance can be renewed but with a check on cost changes. The entire process can be completed in as little as one or two days—don’t delay and increase risks. Safe driving starts with proper insurance coverage.
