Why Can't a Used Car Get Collision Insurance?

[LaArya]

Used cars may not be able to get collision insurance because the original policy's term has not expired or the ownership transfer was not completed. Here is relevant information: 1. Used Car: A used car refers to a motor vehicle that has been registered with the traffic management authorities, has not yet reached the national scrapping standards or is still within its economic service life, and remains operable. 2. Collision Insurance: Collision insurance is a type of commercial auto insurance where the insurer compensates the policyholder or an authorized driver for damage to the insured vehicle caused by an accident within reasonable limits. Collision insurance and third-party liability insurance are the basic types of vehicle insurance, primarily covering losses to the insured vehicle and damages caused to third parties by the insured vehicle during use.