Download
1 / 9
90 likes | 93 Views
The purchase of second-hand cars has increased many folds in recent times. More and more people are able to buy the car of their dreams. Well buying a second-hand car, even though it looks simple requires you to follow some key guidelines to make the purchase legal. Firstly you should get the registration papers in your name and then you also need to transfer the car insurance when you buy it.
E N D
THINGS YOU NEED TO CHECK WHILE TRANSFERRING CAR INSURANCE FROM ONE PERSON TO ANOTHER PERSON IN 2023
CONTENTS • Introduction • Steps to follow for transferring your car ownership in UAE • When should you transfer the insurance • Documents required for transferring your car insurance • Insurance transfer process
INTRODUCTION The purchase of second-hand cars has increased many folds in recent times. More and more people are able to buy the car of their dreams. Well buying a second-hand car, even though it looks simple requires you to follow some key guidelines to make the purchase legal. Firstly you should get the registration papers in your name and then you also need to transfer the car insurance when you buy it. With the availability of online car insurance options, it is extremely easy to transfer car insurance upon finalizing the purchase. Here are certain essential points one needs to keep in mind for transferring your car insurance.
STEPS TO FOLLOW FOR TRANSFERRING • YOUR CAR OWNERSHIP IN UAE • The first task is to move the car ownership to the buyer. Here are some steps to transfer over the car ownership • Your first destination should be the RTA in Dubai to complete the transfer of car ownership. • The vehicle will be tested as per the mandatory procedure of the RTA. You also need to carry documents like your car registration card and your identity card. • The car will be checked for the clearance of traffic fines. Other than that one also needs to pay car ownership free which can range between 20-1000 AED and the vehicle plate fee ranges between 35-500 AED. • The buyer needs to carry documents such as address proof and emirates ID.
WHEN SHOULD YOU TRANSFER THE INSURANCE The car insurance is attached to the car and not to the person, thus it should be transferred as soon as possible. If it is not transferred then the insurance firm will not be liable to pay any concessions for insurance claims. The insurance should be transferred immediately after the car has been sold.
DOCUMENTS REQUIRED FOR TRANSFERRING YOUR CAR INSURANCE • The following documents are mandatory if you wish to transfer your motor insurance to Dubai. • The certificate of the existing car insurance policy • The no-objection certificate from the previous owner • The registration certificate • The inspection report will be provided by the authorities after the car inspection.
INSURANCE TRANSFER PROCESS The new car owner has to initiate the transfer process by contacting the car insurance firm and submitting the list of documents mentioned above. This is necessary as the new policy will be in the name of the new car owner. During the transfer, the insurance company can also suggest a different policy or other add-ons. This has to be completed within a stipulated period of time after which the policy becomes void. If that happens then the insurance company will not bear any costs of damage to the car. The owner can further be prosecuted by authorities if found driving without insurance.
CONCLUTION Insurance is necessary for you to lead a stress-free life. Hence having your car insured is of extreme importance. You can search online for thebest car insurance in Dubaiand select one that meets your requirements. Even if you are buying a second-hand car you need to transfer the insurance from its previous owner.
