Insuremile
IRDAI/I NTAII/BA/51/2018
CIN: U72900KA2018PTC110119

Selling your scooter? One critical step often overlooked is transferring the insurance policy to the new owner. This process is crucial for both the buyer and the seller to ensure that the vehicle remains legally insured and that any future claims are appropriately handled. Here’s a detailed guide on how to transfer scooter insurance when selling your vehicle.

Why Transfer Scooter Insurance?

When you sell your scooter, the ownership changes hands, and so should the insurance policy. If the insurance isn’t transferred, the seller might still be liable for any claims made on the vehicle after the sale. Meanwhile, the buyer would be riding without valid insurance, which is illegal and risky.

Scooter insurance transfer


Steps to Transfer Scooter Insurance

1. Notify the Insurance Company

2. Gather Required Documents

3. Submit Documents to the Insurance Company

4. Pay the Transfer Fee

5. Receive the Updated Policy


Tips for a Smooth Transfer

What Happens If You Don’t Transfer the Insurance?

If the insurance is not transferred, the seller remains responsible for any accidents or claims that occur. Additionally, the buyer would be riding an uninsured vehicle, which could lead to legal penalties and out-of-pocket expenses in case of an accident.

Conclusion

Transferring scooter insurance is a straightforward process that protects both parties in a vehicle sale. By following these steps, you can ensure that your scooter’s insurance is correctly transferred, providing peace of mind and legal compliance for the new owner.


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