Can the new owner use the car if the ownership is transferred but the insurance is not?

1 Answers
Leilani
07/30/25 8:14am
Can the new owner use the car if the ownership is transferred but the insurance is not? The answer is yes, but if an accident occurs, the insurance company has full grounds to refuse compensation. Therefore, when purchasing a used car, it is crucial to ensure that the insurance is also transferred in a timely manner. Below is an introduction to car insurance: 1. Overview: Car insurance refers to a type of commercial insurance that covers liability for personal injury or property damage caused by natural disasters or accidents involving motor vehicles. 2. Classification of car insurance: Commercial insurance is an indefinite-value insurance, divided into basic insurance and additional insurance, with the latter not being independently insurable. Basic insurance includes third-party liability insurance and vehicle damage insurance (comprehensive coverage). Additional insurance includes total vehicle theft insurance (theft coverage), onboard liability insurance, no-fault liability insurance, cargo falling liability insurance, standalone glass breakage insurance, vehicle downtime loss insurance, spontaneous combustion insurance, new equipment loss insurance, and no-deductible special coverage.
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