If I sell the car, can I transfer the insurance?

If, for some reason, you have decided to sell your car and are unsure whether it is possible to transfer the insurance, know that there are some rules for this.

The transfer is possible, but it is not quite what most people think, because when insurance is carried out, it takes into account, among other things, the profile of the drivers. So, the insurance belongs to the driver and not the car.

Therefore, when the vehicle is sold, the person who purchases it theoretically could not continue with the insurance, but some insurers allow the transfer to be made, maintaining some benefits.

The benefit rules that remain valid may vary from one company to another, so it is very important to consult your insurer and find out.

However, the new owner can choose to maintain the current insurance, with the same coverage and with a new risk assessment. In this case, it is necessary to make a Transfer of Rights and Obligations (TDO), normally, insurance companies have a model of this document.

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When I transfer my car insurance, will the bonus also be transferred to someone else?

Another issue that raises many doubts is about the transfer of points, which policyholders acquire over time for having a good driving record.

This is a slightly more complex case, because each insurance company has its own rules and not all of them allow this transfer. In general, when it is permitted, it is only for people who have some type of connection.

In the case of individuals, a degree of kinship is requested, such as between parents and children and wife and wife. Documents must be presented proving that there is this connection.

Legal entities can also benefit from bonuses, however, the company must be transferring the vehicle to a director, partner or person with high executive power. Proof must also be provided through documents.

In addition to documents proving the link, you may be asked to fill out a Bonus Transfer Declaration, provided by the insurance company.

Another important point is that if the person already used a type of insurance, they do not need to transfer the new vehicle they purchased. He can continue with what he already had and use the score he acquired over the years.

How to transfer insurance?

For the transfer of insurance to be carried out, the ideal is for the vehicle to be in the new owner's name, and it is recommended that the vehicle be transferred.

The transfer must be requested directly from the insurance company, informing all the conditions and to whom the insurance will be transferred. At this point, it is possible to find out if your insurance company carries out this type of procedure.

If so, in order for you to transfer the insurance, you will need to send some documents to the company that offers protection for the vehicle and sign some documents. The signature must be made by the old and new owner.

After that, just wait for the deadline provided by the insurance company and the new owner will be able to count on car insurance.