Buying a used or previously-owned vehicle is a significant choice that requires considerable effort. You must ensure the vehicle is exhaustively evaluated regarding brand, price, and model selection. In addition, ensuring that all documents are in order, including the transfer of bike insurance (or car) to your name, is essential when purchasing a used car or motorcycle.

According to the insurance policy’s terms and conditions, the Registration Certificate (RC) & the insurance policy must be in the same person’s name. Many do not adhere to this clause when selling or purchasing a used vehicle, resulting in losses in the event of an accident. To clarify how to transfer car insurance to a new owner, let’s examine the procedure for transferring car or motorcycle insurance in greater depth.*

How Do I Transfer Bike Insurance or Car Insurance?

After transferring the vehicle proprietorship, the insurance policy must be transferred to your name. As a purchaser, you should take the initiative to insure your automobile or motorcycle. However, according to the law established by the transport department, it is the seller’s responsibility to guarantee the transfer of auto insurance to the buyer.*

But before transferring insurance, it is essential to know the documents required to transfer the title when purchasing a used car or motorcycle:

  • Registration Certificate
  • Auto or motorcycle insurance policy

Now that you are aware of the required documents to transfer vehicle proprietorship, let’s examine how to transfer the vehicle’s insurance, like Bajaj Allianz bike insurance, to your name:

  • Download Forms 28, 29, and 30 from the website or office of the respective RTO
  • Complete the form and submit it to the RTO along with any supporting documentation (if applicable).
  • Ensure you obtain the RTO’s Clearance Certificate for the submitted forms and proof of transfer.
  • Submit all pertinent documentation to the insurance provider.
  • Pay the fee (if applicable).
  • You will receive the policy bearing your name via email or courier.

What Happens if the Transfer of Vehicle Insurance is Incomplete?

By Section 157 of the Motor Vehicle Act, the vendor must transfer the insurance policy to the buyer’s name within 14 days of the transfer. Note that only the third-party component of the policy is transferred automatically. *

Suppose you must transfer bike insurance or car insurance policy to your name. In that case, the insurer is not responsible for any losses you incur, including third-party and own-damage liability coverage. Additionally, the court may send a notice to the previous owner demanding compensation for the third party’s loss resulting from an accident caused by the new owner.*

Consider the following recommendations to ensure a smooth transfer process:

Transmit the policy Within 14 Days: Ensure you transmit the auto or bike insurance policy within 14 days of the ownership transfer.

Submit The Proposal Form: To ensure a smooth transaction, you may be required to submit the proposal form and the transfer deed of the vehicle ownership.

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* Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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