Does the commercial insurance of a used car follow the vehicle?

[AlejandroMarie]

The commercial insurance of a used car follows the vehicle. The following points explain the insurance transfer process for used cars: 1. To transfer car insurance, the vehicle must first be transferred. This primarily concerns commercial insurance, as it is tied to the policyholder rather than the vehicle itself. 2. Transferring commercial insurance involves changing the beneficiary's name and license plate number on the motor vehicle insurance policy. This can be done by the original owner and the new owner bringing the original policy invoice and insurance certificate, the vehicle transfer transaction invoice, the property registration certificate or vehicle license, and both parties' ID cards to the insurance company. 3. Next is compulsory traffic insurance (CTL). CTL can only be transferred, not canceled, and it is tied to the individual, so it must be transferred. Generally, a vehicle must have CTL to legally operate on the road. It is also advisable to have vehicle damage insurance, third-party liability insurance, and no-deductible insurance. Additionally, seat insurance is quite important, while theft insurance, glass breakage insurance, spontaneous combustion insurance, and water damage insurance depend on specific circumstances.