Is Commercial Insurance Still Valid After Vehicle Transfer?

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After the vehicle is transferred, the insurance can still be used. Vehicle insurance includes compulsory insurance and commercial insurance. The transfer of used car insurance needs to be done after the used car transaction is completed, and after the registration certificate owner information is changed, and the new vehicle license plate and driving license are obtained. Used car insurance does not necessarily have to be transferred; you can choose to cancel the insurance directly, but the compulsory insurance must be retained. Transfer documents: Seller: Owner's ID card, vehicle registration certificate, vehicle driving license, original purchase invoice (or transfer ticket if previously transferred). If the seller is a company, the original business license and official seal are required. Buyer: ID card. If the buyer is from another city and needs a local license, a valid temporary residence permit is also required. If the buyer is a company, the original business license and official seal are required. Original vehicle purchase invoice or the last transfer invoice. Original vehicle driving license. Vehicle registration certificate (green book). For outbound transfer, the small book of vehicle purchase tax is required. Relevant content about used car insurance transfer: Compulsory insurance change. According to the "Compulsory Insurance Regulations," in used car transactions, compulsory insurance cannot be canceled in principle. The only situation where cancellation is allowed is when the vehicle is sold to another region, in which case the new owner can purchase compulsory insurance in the new location. The new owner needs to bring their ID card, new driving license, used car transfer documents, and the newly issued compulsory insurance policy to the original owner's insurance company for cancellation. Timely change of commercial insurance. After the transfer of a used car, attention should not only be paid to the transfer of compulsory insurance but also to commercial insurance matters. For locally purchased used cars, the change requires the new owner and the original owner to bring the original policy, ID cards, new driving license, and transfer certificate to the original insurance company for processing. For used cars purchased from another region, as some insurance companies cannot underwrite policies across regions, the original owner can cancel the commercial insurance with the insurance company, and then the new owner can purchase new commercial insurance in the new location. If the insurance company offers nationwide coverage, the branch in the new location can contact the original underwriting branch to inquire about the transfer procedures. If cancellation is desired, the original owner's policy and ID card must be provided. After cancellation, the new owner can purchase new car insurance from any insurance company by providing the new driving license or vehicle transfer certificate. The documents required from the original owner for used car transfer include: registration certificate, driving license, and ID card. The buyer needs to provide an ID card, and if they are from another city, a residence permit or temporary residence permit is required. Vehicle transfer first requires a vehicle evaluation. The evaluation fee is generally 1%-2% of the evaluated vehicle price, and other fees include license plate and driving license costs. The original commercial insurance can be canceled (compulsory insurance cannot be canceled), or it can be transferred to the buyer at the insurance company. Precautions for purchasing used cars: Incomplete documents. Complete documents for a used car include: vehicle registration certificate (or original purchase invoice), driving license, vehicle purchase tax payment certificate, road maintenance fee documents, and compulsory insurance. If the vehicle registration certificate or driving license is missing, or if there are unpaid compulsory insurance or road maintenance fees, it will cause endless trouble for the buyer. Therefore, when purchasing a car, if the seller cannot provide complete documents, the buyer should be particularly cautious. Tampering with the odometer. Most consumers like to judge the condition of a car by the odometer, and sellers often take advantage of this psychology to tamper with the odometer. In fact, the odometer is not only a record of usage intensity but also an indicator of the maintenance and replacement of other vehicle components. If the buyer follows the maintenance schedule based on a tampered odometer, it will bring a series of potential safety hazards. New paint covering external damage. When purchasing a used car, if the car has been repainted and there are signs of repair around the front, rear, and A, B, C pillars, the car may have been involved in a major accident.