Does the car transfer include the insurance?
1 Answers
According to the relevant provisions of the Insurance Law, when the insured vehicle is sold, transferred, gifted to others, or its purpose is changed, the insured must notify the insurance company in writing in advance and apply for endorsement. Once the insured vehicle is transferred, the original insurance policy will become invalid. In addition, after the transfer of a used car, the auto insurance must go through the endorsement procedure for the insurance company to continue to provide coverage for the insured vehicle. The following is a detailed introduction about it: 1. Introduction 1: For the original owner, although they are still the policyholder and beneficiary of the insurance contract, they are no longer the owner of the insured vehicle's property rights and no longer have an insurable interest in the vehicle. If the insured vehicle is involved in an accident, it will not cause a loss, so even if the original owner is contacted, they cannot claim compensation. 2. Introduction 2: After the vehicle transfer is completed at the vehicle management office, the new owner should bring the transfer certificate, a copy of the vehicle license, the original insurance policy, their ID card, and the original insurer's ID card to the original insurance company to fill out a transfer application form, and then the endorsement transfer procedure can be completed.
