Does Insurance Transfer with the Car in Used Vehicle Ownership Transfer?

[JulianaLynn]

When transferring vehicle ownership, the insurance also needs to undergo transfer procedures. Here are the relevant details: 1. Used vehicle ownership transfer: This refers to changing the name of the vehicle's owner. The process of transferring used vehicle insurance is quite simple; it essentially involves changing the beneficiary and license plate number on the original insurance endorsement after the used vehicle transaction. The insurance transfer must be completed after the used vehicle ownership transfer and after updating the owner information on the registration certificate, obtaining the new license plate and vehicle registration document. 2. Regulation: During the validity period of the insurance, if the vehicle is sold, transferred, gifted, or its use is changed, the policyholder must notify the insurance company in writing and apply for an endorsement change. Otherwise, the insurance company has the right to refuse compensation.