How to Transfer Second-hand Motorcycle Insurance?
2 Answers
The original owner should fill out an application form for vehicle insurance transfer; The original owner or an authorized agent should bring the vehicle insurance documents and the vehicle license to the relevant insurance company to apply for an endorsement to change the insured person. The original owner or authorized agent should fill in the details of the insured person change on the endorsement received and complete the vehicle transfer. The new owner only needs to bring the transfer invoice, a copy of the vehicle license, and other relevant documents to the original insurance company to issue the transfer application form.
I just bought a used Yamaha last month and went through the hassle of transferring the insurance. I contacted the insurance company and went there with the previous owner. The required documents included the original policy, a copy of the vehicle registration certificate, ID cards from both of us, and our signatures. The process wasn’t as difficult as I thought, but getting it done early is crucial. If the transfer isn’t completed on time, the insurance company won’t cover any accidents, which would be a huge loss. The whole process took about a day, with a fee of around 50 yuan—a small price for peace of mind. I also increased the coverage a bit for extra security as a new rider. In short, just call the insurance company to schedule an appointment, and they’ll guide you through the steps.
