Does Unchanged Car Insurance Equal No Insurance?

[MacEleanor]

Unchanged car insurance is equivalent to having no insurance. Differences: When insurance is not transferred, it does not belong to the new owner. If a traffic accident occurs after a used car transaction, the owner may be denied compensation when filing a claim with the insurance company. Transfer Methods: Currently, there are two common ways to transfer vehicle insurance: applying for cancellation, which means canceling the original vehicle insurance and then obtaining a new vehicle insurance policy. The second method involves making some modifications to the original policy elements, primarily changing the insured and the owner. This requires specifying in the vehicle sales contract that the original owner must bring the policy and the vehicle transfer certificate to the original insurance company's sales outlet for processing; otherwise, the original owner will bear the consequences.