What are the impacts of not transferring insurance after selling a car?

2 Answers
MadisonLynn
07/29/25 3:31am
The impacts of not transferring insurance after selling a car are as follows: 1. No traffic accident occurs: After the vehicle is sold, the insurance period is only one year, and it must be repurchased upon expiration. If no insurance incident occurs during this period, there is basically no impact when purchasing insurance yourself after it expires. 2. A traffic accident occurs: Regulations stipulate that commercial insurance must be transferred. The motor vehicle insurance clauses stipulate that during the insurance period, if the insured vehicle is sold, transferred, gifted to others, or its purpose is changed, the insured must notify the insurance company in writing and apply for endorsement. Otherwise, the insurance company has the right to refuse compensation. 3. Insurance company claims: As long as the accident is not caused by illegal driving, the insurance company can still settle the claim within the scope of liability. The trouble is that the insurance company stipulates that the compensation must be paid to the insured, which means the insured's ID card and bank card must be provided. 4. Insurance company refuses to settle the claim: The most important thing is that once personal injury, death, or disability occurs, the consequences of the accident are serious, and huge compensation is required. If the new owner is unable to compensate, the original owner will bear joint liability.
Was this review help?
12
5
Share
LaGemma
08/12/25 2:21pm
As a seasoned driver with over a decade of experience, I sincerely advise you not to forget transferring the insurance when selling your car. I learned this the hard way: after selling my car without transferring the insurance, the new owner sped and hit a pedestrian. The police traced it back to me, and the insurance company refused to cover the new owner's accident. I had to pay nearly 50,000 yuan in medical and legal fees! What a rip-off. Not only that, my insurance premiums kept being deducted for nothing, and the new owner drove an uninsured vehicle, having to pay for any accidents out of pocket. Transferring is simple—just bring your ID, insurance policy, and sales contract to the insurance company. It takes less than half an hour. Safe driving isn’t just about behavior on the road; it’s also about these small but crucial details to prevent future troubles.
Was this review help?
1
0
Share
Expand All
More Forum Discussions

What does ESC mean in a car?

ESC stands for Electronic Stability Control, which is a supplementary system for vehicle stability and driving safety. It helps prevent dangerous situations by compensating for vehicle stability through wheel braking or controlling engine torque when the vehicle becomes extremely unstable during rapid turns or lane changes. Here is some relevant information about the ESC system: 1. The system consists of three main components: sensors, an electronic control unit (ECU), and actuators. The ECU monitors the vehicle's operating status and intervenes to control the engine and braking system. 2. This system primarily controls the longitudinal and lateral stability of the vehicle, ensuring it moves according to the driver's intentions.
9
3
Share

How to Turn Off a Tesla?

Tesla's shutdown method is: 1. Step on the brake to prevent the car from moving; 2. Shift the gear to P position and press the button on the door handle. 3. Open the door, and after exiting the car, press the Tesla logo on the key once to cut off the power and shut down. Additional information: 1. Tesla's models include Model 3, Model Y, Model S, Model 3 (imported), and Model X. 2. The Tesla Model 3 has a length, width, and height of 4694mm, 1850mm, and 1443mm respectively, with a wheelbase of 2875mm. The body type is a 4-door, 5-seater sedan, equipped with a fixed gear ratio transmission.
5
5
Share

Is the Geely Binyue 4-cylinder equipped with a dry dual-clutch transmission?

Geely Binyue 4-cylinder is not equipped with a dry dual-clutch transmission but rather a wet dual-clutch transmission. Here are some details about this vehicle: 1. Exterior design. The exterior continues the styling concept of Time Rivalry Aesthetics, featuring angular headlights complemented by two arc-shaped LED daytime running lights, enhancing its dynamic and sharp appearance. The C-shaped fog light bezels are treated with a three-dimensional effect, exuding a strong sense of power. Details such as the ten-spoke wheels, D-pillar porthole design, and streamlined body lines further emphasize the youthful appeal of this car. 2. Interior design. The cabin adopts a space-inspired black and brown color scheme paired with matte metallic brushed trim, creating a wraparound aircraft cockpit style. The wing-inspired design language, symbolizing strength and movement, is also reflected in the interior details. 3. Safety features. The vehicle is equipped with safety functions such as AEB city pre-collision safety system, LDW lane departure warning, and BSD blind spot detection. It also features the PPS pedestrian recognition and protection system, which is unique in its class, effectively identifying pedestrians and preventing collisions in complex urban traffic conditions.
2
3
Share

What Causes the Clicking Sound When Turning the Steering Wheel?

Here are the possible locations and causes of abnormal noises when turning the steering wheel: 1. Sound from the turn signal reset: If the turn signal is activated while turning, the sound may come from the rebound clip of the turn signal's automatic reset mechanism. 2. Noise from the steering column dust cover: If the noise comes from below the steering wheel, it might be due to insufficient lubrication of the steering column dust cover, causing friction sounds. 3. Noise from inside the steering wheel: If the noise originates from within the steering wheel, it could be due to damage to the airbag clock spring inside. 4. Noise from the shock absorber top bearing: If the noise comes from outside the vehicle, it might be due to insufficient lubrication of the shock absorber's top bearing. 5. Noise from the stabilizer bar: This could indicate looseness or damage to the stabilizer bar. Looseness can often be fixed by adding shims, while damage requires replacement.
8
2
Share

Can I cancel my appointment for Subject 3 after booking?

You can cancel your appointment for Subject 3 after successfully booking it. For those who need to cancel after confirming the exam appointment, they must visit the exam service window of the local Vehicle Management Office with their original ID card (residence permit required for non-local residents) or a staff member from the driving school to cancel at least three working days before the scheduled exam date. Methods to cancel a self-booked Subject 3 appointment after successful booking: 1. The Driving Test Center information platform allows cancellation of the Subject 3 exam appointment, with the latest cancellation time being before 12:00 noon the day before the scheduled exam date. 2. To cancel the Subject 3 exam, the examinee must personally bring their ID card and a copy of it to the Vehicle Management Office. On the blank space of the ID copy, they must write: 'I voluntarily cancel my Subject 3 exam scheduled on xx/xx/xxxx at xx Driving School,' along with their signature, contact information, and the date. 3. If the examinee is unable to come to the Driving Test Center in person, a proxy must bring both their own ID card and a copy, as well as the examinee's ID card and copy. In addition to writing the above content, the proxy must also sign their name.
17
0
Share

What Does the Secondary Maintenance Include?

Automobile secondary maintenance aims to focus on inspection and adjustment. Here is a detailed introduction to secondary maintenance: 1. Main contents of secondary maintenance: Measure the cylinder pressure of the engine, adjust the valve clearance, clean various filters, the oil pan, the float assembly of the oil strainer, inspect and adjust the wear and clearance of the connecting rod bearings, check and tighten the front and rear engine mounting bolts, inspect and adjust the brakes, perform tire rotation, and check the clutch and adjustments of other assemblies. 2. Secondary maintenance is performed when the vehicle has traveled 6,000~8,000 km: Secondary maintenance involves a more in-depth technical condition inspection and adjustment for vehicles that have traveled a certain mileage, mainly to ensure that the vehicle maintains good operational performance for a longer period in the future. 3. Secondary maintenance involves more tasks: In addition to all the tasks of primary maintenance, secondary maintenance must also eliminate any faults and hidden dangers discovered during the maintenance process. The maintenance takes a longer time and is usually performed by maintenance workers. Before secondary maintenance, the driver should provide the maintenance workers with any poor technical conditions encountered during the vehicle's operation to improve the quality of maintenance.
18
2
Share
Cookie
Cookie Settings
© 2025 Servanan International Pte. Ltd.