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5 Mins read
•General

Simplify Your Ride: A Complete Guide to Transferring Bike and Car Insurance to a New Owner

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Summary

The blog outlines essential steps and document requirements for transferring insurance when purchasing used cars or motorcycles. It explains that transferring the insurance, unlike the non-transferable No Claim Bonus, protects the new owner legally and avoids financial liabilities. Following documented procedures at the RTO and insurer ensures prompt compliance with legal mandates.

Key Takeaways

  • Transfer insurance to legally protect the new owner.
  • Complete the process within 14 days to avoid penalties.
  • No Claim Bonus remains with the seller.
  • Proper documentation and RTO procedures are crucial.

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