Can the new owner use the car if the ownership is transferred but the insurance is not?
1 Answers
Car ownership is transferred but the insurance is not, the new owner can use it, but if an accident occurs, the insurance company has every reason to refuse compensation. Therefore, when buying a used car, you must pay attention to the timely transfer of insurance. The following is a related introduction to car insurance: Overview: Car insurance refers to a commercial insurance that compensates for personal injury or property loss caused by natural disasters or accidents to motor vehicles. Classification of car insurance: Commercial insurance is an indefinite value insurance, divided into basic insurance and additional insurance, among which additional insurance cannot be independently insured. Basic insurance includes third-party liability insurance and vehicle loss insurance (car damage insurance); additional insurance includes full vehicle theft insurance (theft insurance), on-board liability insurance, no-fault liability insurance, falling cargo liability insurance, glass breakage insurance, vehicle suspension loss insurance, spontaneous combustion loss insurance, new equipment loss insurance, and no-deductible special insurance.