Is Car Insurance Transferable To Another Person?

Car insurance is transferable to another person when the vehicle is damaged or stolen. However, there are some exceptions. The car insurance policy is transferable to another person if the second person owns a car that was damaged or stolen and it was not insured with the first owner's policy. This rule applies to any individual who buys a new car from the original owner. Some other exceptions include:

  • If one of the two people has died;
  • If one of the two people has become bankrupt;
  • If one of the two people has had his license suspended for more than six months;
  • The vehicle was leased by both parties and either party decides not to continue with their respective lease agreement.

Can You Transfer Van Insurance To A Car?

Generally, van insurance and car insurance are separate types of coverage due to the differences in vehicle types and usage. You typically cannot directly transfer van insurance to a car or vice versa. To insure a car, you must purchase a separate car insurance policy specifically tailored to the vehicle's characteristics and intended use.

Can We Transfer Car Insurance?

Yes, you can transfer your car insurance policy from one vehicle to another in India. This process is commonly referred to as a “transfer of ownership” or “endorsement.” When you transfer your car insurance policy from one vehicle to another, you need to inform your insurance company of the change in ownership and provide details of the new vehicle, such as its make, model, and registration number. It's important to keep in mind that the transfer of ownership process may result in an increase or decrease in your insurance premium, depending on the make and model of the new vehicle, as well as your driving history and other factors. You should carefully review the new policy terms and conditions, including the coverage and exclusions, before accepting the transfer.

Can Third Party Insurance be Transferred?

Yes, you can transfer your third party car insurance. Third party insurance can be transferred if the insured is willing to take on the risk of the third party. Third party car insurance is transferable to the new owner of the vehicle once they have been driving on it for 14 days. The purchase has to be transferred over within those 14 days or else the new owner will not be covered.

Can I Transfer My Car Insurance to Another Company?

Yes, you can transfer car insurance from one company to another company is an easy process. To make it happen, both parties must fill out a Transfer of Ownership document and submit it to the current insurance provider. This process will complete the transfer successfully. The documents required to transfer car insurance are a New RC Copy, KYC proof, Endorsement fee, and other details of the insured to be filled in along with the endorsement form.

Can I Transfer Car Insurance to Another Person?

Yes, you can transfer car insurance to another person. To transfer the car insurance policy submit the below documents to the insurance company to make a transfer of the existing insurance policy.

  • Application Form.
  • Form 29.
  • Form 30.
  • No Objection certificate from the existing owner.
  • An inspection report from the insurance company.
  • Registration certificate in the name of the new owner.

Start Saving Money on Insurance Policy

Compare Life, Health, Car and Two wheeler Insurance rates from top Insurance companies for free.

1,000+ Reviews
Been Here Before?
Get Back to My Quotes

Please wait while your request is being processed.