Five points to know when transferring your car's insurance policy
Updated : August 24, 2018 01:31 PM IST
Contrary to the common belief, buying a used car doesn’t really stand as an assurance of paying less for insurance.
After purchasing a used vehicle, getting the insurance transferred in the buyers name becomes very crucial otherwise unwanted problems will arise while making a claim.
To avoid any legal hassles that may arise in the future, individuals selling the vehicle have an equal accountability of ensuring the transfer process of the insurance in the new owners’ name.