Does it matter if the car is transferred but the insurance is not?

[OIan]

When purchasing a used car, it is best to promptly transfer the compulsory traffic insurance. After completing the vehicle transfer procedures at the vehicle management department, it is advisable to promptly transfer the insurance at the insurance company. The relevant information is as follows: Automobile Insurance: Automobile insurance mainly consists of compulsory traffic insurance and commercial insurance. Compulsory traffic insurance is mandatory, but its coverage limit is not high. Commercial Insurance: Commercial insurance is optional and mainly includes the following types: Vehicle Damage Insurance - covers repair costs for your own vehicle due to collisions, with compensation provided by the insurance company. Third-Party Liability Insurance: Covers compensation for death, injury, or property damage caused by accidents involving both parties, paid by the insurance company; No-Deductible Special Clause Insurance: covers the deductible portion that the insured should bear according to the policy terms, assumed by the insurance company.