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

1 Answers
MadisonLynn
07/29/25 11:31am
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
More Forum Discussions

How to Handle a Vehicle Accident?

Methods for handling a vehicle accident: 1. Turn on the hazard lights: Immediately activate the vehicle's hazard warning lights and place a warning triangle behind the car; 2. Preserve evidence: Take photos of the accident scene from multiple angles to ensure sufficient evidence, providing more detailed materials for determining fault; 3. Present documents: Negotiate with the other party and request to see their relevant documents; 4. Report the incident: Notify your insurance company and wait for the police to arrive for an on-site investigation. Do not move the vehicle during this time; 5. Accident resolution: After the police arrive, they will determine fault and complete a quick accident handling agreement. The agreement can be settled through negotiation or by filing a lawsuit in court. Note: In the event of a major traffic accident, promptly call 120 and 110 to ensure the safety of those involved as the first priority.
11
0
Share

What to Do About Transmission Oil Leak in Buick Excelle?

If there is a transmission oil leak in your Buick Excelle, you should stop using it immediately. In this case, it is recommended to go directly to a car 4S store or repair shop to have professionals inspect and repair it to prevent safety hazards during use. There are many reasons for transmission oil leaks, mainly including natural aging of seals, impacts on the transmission, imprecise assembly processes, quality issues, etc. The specific situation should be examined by professionals. The Buick Excelle is built on General Motors' global platform, with its prototype being a newly developed global mid-size sedan by General Motors. In terms of body dimensions, it measures 4468mm in length, 1765mm in width, 1469mm in height, with a wheelbase of 2611mm.
12
5
Share

What are the classifications of automotive sensors?

Automotive sensors can be classified by physical quantities into displacement, force, speed, temperature, flow, gas composition sensors, etc. By working principle, they can be categorized into resistance, capacitance, inductance, voltage, Hall effect, photoelectric, grating, thermocouple sensors, etc. Sensors serve as the input devices for automotive computer systems, converting various operational conditions of the vehicle, such as speed, temperature of various media, and engine operating conditions, into electrical signals for the computer. Common types of automotive sensors include: throttle position sensor, intake pressure sensor, crankshaft position sensor, air flow sensor, knock sensor, temperature sensor, engine speed sensor, vehicle speed sensor (SPD), etc.
1
2
Share

What car has five vertical stripes?

Five vertical stripes represent WM Motor, an independent Chinese electric vehicle production brand. The product lineup of WM Motor includes: WM EX5, WM EX6 Plus, WM EX5-Z, and the WM Maven concept car. Taking the WM EX5 as an example, it is WM Motor's first mass-produced vehicle, a pure electric intelligent SUV model. In the WM EX5, 'E' stands for pure electric, 'X' represents the SUV model, and '5' indicates the relative position of this vehicle in the future product lineup. In terms of body dimensions, the EX5 measures 4585mm in length, 1835mm in width, and 1672mm in height, with a wheelbase of 2703mm.
2
0
Share

What causes the clicking sound when turning the steering wheel of the Nissan Qashqai?

The reasons for the clicking sound when turning the steering wheel of the Nissan Qashqai: 1. If the abnormal sound comes from below the steering wheel, it is caused by the steering column dust cover. Lack of lubrication can produce friction sounds. The owner only needs to apply some grease inside the dust cover, and the abnormal sound will disappear; 2. If the abnormal sound comes from inside the steering wheel, it is caused by the clock spring. Remove the steering wheel clock spring and apply some grease. If the sound persists, the clock spring needs to be replaced. The Nissan Qashqai is an SUV model from the Nissan Motor Group. In terms of body dimensions, its length, width, and height are 4401mm, 1837mm, and 1611mm respectively, with a wheelbase of 2646mm.
12
5
Share

What does 'ETC display tag failure' mean?

ETC display tag failure is caused by users privately removing or relocating the OBU device, or by the loosening or detachment of the ETC electronic tag. Since ETC is dedicated to specific vehicles and has a protective interlock during installation, there is a push-button switch on the side tightly attached to the car's front windshield. If this switch button is triggered twice consecutively, it will cause the ETC electronic tag to fail. ETC is an electronic toll collection system, also known as an automatic road toll system. It uses dedicated short-range microwave communication between the vehicle-mounted electronic tag installed on the windshield and the microwave antenna in the ETC lane at toll stations, combined with computer networking technology for backend settlement processing with banks. This achieves the purpose of vehicles paying tolls without stopping when passing through road and bridge toll stations.
15
5
Share
Cookie
Cookie Settings
© 2025 Servanan International Pte. Ltd.