Is it possible to pass your car insurance to a family member?

According to the Motor Vehicles Act, every car owner must have car insurance. Not only is insurance mandatory, but also suggested to offer support in cases of accidents or theft. However, there might be cases when you're transferring your car to a family member, and may wonder if is it possible to pass your insurance as well. The answer is yes.

A car insurance transfer is possible within and outside the family. However, there may be varied terms and conditions depending on the policy.

Curious to know more? Let's learn more about the factors involved in car insurance transfer, its benefits, and its steps.

Important factors for car insurance transfer

Car insurance is linked to car ownership. This means for insurance policy transfer, one needs to transfer the car ownership as well. Some key factors that you must consider while insurance transfer are mentioned below:

Terms and conditions

Each car insurance has a different set of terms and policies. They also mention whether their policy allows transfer or not. So, consider reading these policies to understand if they allow passing insurance to family or not.

Car ownership

Car insurance is generally tied to ownership. So, in case of a change of ownership, it is important to update the insurance details with new ownership details.

Driver details

Sometimes, car insurance companies offer specialized policies and perks based on the driver's experience and history. So, changing the ownership can change the perks and coverage plans.

Benefits of insurance transfer

Policy inheritance with your family can be beneficial in many ways. Here are some benefits of the same:

Cost benefits

As discussed, the policy perks also depend on the driver’s details and experience. So, if, in case of transfer, the new driver is more skilled, the plans can be changed, and the perks and features can be improved, making your plan more budget-friendly.

Convenient procedure

Passing a four-wheeler insurance within your family is an administrative procedure that is easy and quick. And requires not so much effort or hassle.

Procedure for policy transfer

Here is the process involved in transferring the car insurance ownership:

1. The first step to consider during policy transfer is to connect with your insurance provider. They will help you understand the process and the requirements

2. After that, keep all the new driver details in handy. For instance, his driving history and more to understand the benefits of new plans accordingly

3. In cases of ownership transfer, it is important to update the vehicle's registration and everything via official authorities

4. Connect with the insurance provider to understand your existing policy and the changes that are to be made following the new demands

5. Consider keeping your car paperwork in handy. This ensures you easily provide any document when asked.

Conclusion

Transferring car insurance within the family is easy and more trustworthy. Car insurance from Zurich Kotak General Insurance not only secures you against unforeseen circumstances but offers a wide range of other benefits. This includes car servicing, premium discounts, third-party liability, optional add-ons and family member coverage.

Enjoy easy and hassle-free claims with Zurich Kotak General Insurance.

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