Is the insurance still valid after the car is transferred?
1 Answers
Vehicle insurance remains valid after the transfer, but it's important to note that the insurance should ideally be transferred along with the vehicle during the transfer process. Otherwise, there may be disputes over claims later on. Introduction to vehicle insurance transfer: Vehicle insurance transfer refers to changing the name of the insurance policy from the original owner to the new owner, as well as updating the license plate number. The insurance transfer must be completed after the vehicle transfer process, as the new vehicle information is required for the insurance transfer. Insurance transfer is not mandatory: Vehicle insurance, including commercial insurance and compulsory traffic insurance, does not require mandatory transfer. The original insurance can be canceled and a new policy can be purchased instead.