Is it acceptable if the insurance is not transferred during the second-hand car transfer?

[MiaFitz]

During the transfer of a second-hand car, the auto insurance should also be transferred; otherwise, many disputes may arise later. Below is detailed information about auto insurance: 1. Overview: Auto insurance, also known as motor vehicle insurance or car insurance, refers to a type of commercial insurance that covers liability for personal injury or property damage caused by natural disasters or accidents involving motor vehicles. 2. Others: Auto insurance is a type of property insurance. In the field of property insurance, auto insurance is a relatively young category. In the early stages of auto insurance, the primary coverage was third-party liability insurance for vehicles, which gradually expanded to include risks such as collision damage to the vehicle body.

[PeterAnn]

Many people forget to transfer their insurance after buying a car, which seems like a small issue but actually hides risks. I learned this the hard way when I bought a used Golf—I skipped changing the policy name to save trouble. Later, when I needed to claim for a scratch, the insurer refused because the policyholder’s name didn’t match the owner’s. I ended up paying for repairs out of pocket. My advice: contact the seller immediately, gather the old policy, transfer documents, and your ID, then visit the insurer’s office to update the policy. Delaying risks the original owner’s policy expiring, forcing you to buy a new full-coverage policy at full price without the original car’s discount. Also, some regions check the policy name during annual inspections—don’t let this small oversight cause bigger problems.

[OLevi]

Second-hand car insurance that hasn't been transferred may seem usable on the surface, but it's essentially like operating a bank account under someone else's name. When an accident occurs and you need to claim, the procedures become exceptionally cumbersome. The insurance company will need to verify the transaction records between you and the original owner, which not only takes time but might also get stuck at some stage. What's even more frustrating is that if the original owner uses your car for illegal activities, the insurance company has the right to deny your claim. Last year, my neighbor didn't transfer the insurance in time, and the car was taken by a friend of the previous owner in the middle of the night, resulting in a hit-and-run. The insurance company outright refused to cover the loss, which amounted to tens of thousands. So, it's better to make that extra trip to transfer the insurance properly—don't skimp on that little bit of time cost.

[VanMaddox]

From a professional perspective, the most critical issue with not transferring the insurance policy is the separation of liability and rights. For example, if you hit a Rolls-Royce and face hundreds of thousands in compensation, the insurance company can refuse to pay by invoking Article 54 of the Contract Law upon discovering the mismatch between the car owner and the policyholder. Even if you have three million in third-party liability coverage, it becomes meaningless. Moreover, if the original owner cancels the policy without notice during renewal, you're essentially driving uninsured. Those who have experienced financing a car should be especially cautious—if the previous owner defaults on payments, the bank will come after you, the current driver. Quite a headache, isn't it? It's highly recommended to call the insurance company's customer service to schedule a policy endorsement on the very day you receive the vehicle's green certificate.