How to transfer loans, life insurance and auto insurance vehicles?

1, compulsory insurance for car-following transfer, and compulsory vehicle insurance is stipulated by the state. According to the Regulations on Compulsory Liability Insurance for Motor Vehicle Traffic Accidents, the owner or manager of a motor vehicle should take out compulsory insurance, which means that as long as the owner buys a car, he needs to take out insurance every year. At the same time, insurance companies cannot refuse to underwrite, delay underwriting and terminate contracts at will. If the compulsory insurance expires, the vehicle transfer formalities are not allowed, and the vehicle transfer can only be handled within the validity period of the compulsory insurance. Compulsory insurance is "following the car", not "following people".

2. Vehicle commercial insurance is changed in time. Vehicle commercial insurance is not compulsory. Car owners voluntarily choose insurance companies and types of insurance. Vehicle commercial insurance can be transferred to the new owner with the vehicle, and the original owner can also apply for surrender. It is best to change commercial insurance in time for local vehicle transfer. New and old car owners can go to the original insurance company for transfer with ID card, original insurance policy, driving license and transfer certificate.

Many insurance companies can't afford off-site insurance, so they need the old car owners to surrender before selling, and the new car owners can apply for commercial insurance after settling their claims. It is worth noting that when transferring vehicle commercial insurance, we must clearly see the effective time of the original policy, that is, the insurance business of two insurance companies cannot be insured at the same time, which will lead to the failure of insurance companies to make normal claims.

In this way, it is really important to remember to apply for insurance transfer when you buy a used car with a loan!

In addition, the owner can also apply for surrender, that is, return the original insurance and terminate the previous contract. At this time, the insurance company will refund the remaining premium, and then the new owner can go to any insurance company to apply for new car insurance.