Can I Transfer My Car Insurance Policy to the New Owner If I Sell My Car?

In the present economic conditions, it has become common for individuals to buy used or second-hand vehicles. But the vehicle ownership doesn’t end with selecting the right brand, your preferred model, or the buyer who meets your budget. Another important aspect to consider both on the seller front and the buyer front is ensuring a car insurance transfer to the new car owner. But you may ask: Is it possible to transfer my car insurance to the new buyer? Like with most insurance-related questions, this question also cannot be answered in a yes or no.

To find the answer to this question, you need to first find out how long the present insurance policy is effective. If it is valid for less than 9 months, then you may not be able to transfer the car insurance.

Next, you need to find out whether your present insurance offers the option of transferring the insurance to the new owner. If not, you should apply for a refund.

However, if your car insurance policy is valid for over nine months, you can contact your insurance provider for transferring the car insurance to the new owner. You will need to share the new owner’s details with the insurance provider so that they can verify everything. If the new car owner does not meet their criteria, the insurance provider can reject the transfer application.

If your car insurance transfer application gets rejected or transfer of the insurance is not possible, do not worry. The UAE insurance legislation has the provision to get you refunded against the unused months of insurance.

To avail AWNICs car insurance, visit our digital channels which are :

🌐Website:

https://mobile.awnic.com/AWNICB2CC/motor_process.php?action=new

✔️Download AWNIC App:

📲 Android:

https://play.google.com/store/apps/details?id=com.awnic.awnicapp

📲 Apple:

https://apps.apple.com/gb/app/awnic-app/id1367256607