How to Refund Insurance After Selling a Used Car?

[LaAnnie]

Compulsory traffic insurance cannot be refunded but can only be transferred to the new owner, while commercial insurance is refundable. The process for refunding car insurance is as follows: submit a refund application to the insurance company--the insurance company's business management department will issue a refund approval--collect the refundable premium from the insurance company's finance department. The requirements for commercial insurance refund are: 1. The vehicle insurance policy must be within the validity period. 2. During the validity period, the policyholder has not filed a claim or reported an incident to the insurance company. 3. For cases where a claim has been filed or an incident has occurred, whether a refund is possible depends on the relevant provisions in the insurance contract. If there is no explicit stipulation, a refund may still be possible even if a claim has been filed or an incident has occurred.