Auto insurance in the event of the sale of a vehicle

Picture: auto insurance in the event of the sale of a vehicle

Auto insurance in the event of the sale of a vehicle. In the event of the sale of a vehicle, car insurance can be suspended or transferred to another car, in the event of the purchase of a new car. In fact, it depends on the choice of the subscriber of the contract.

Indeed, he can sell his vehicle without buying another one, or he can sell his vehicle and buy a new one. The insurance contract may therefore be suspended and then subsequently terminated, or the contract will be carried over to the new vehicle.

Read Also: Register a second driver in the car insurance contract

Selling a vehicle without buying a new one:

In the event of a simple sale, the subscriber of the contract must notify his insurer so that he immediately suspends the insurance contract; normally the vehicle is no longer insured, the next day.

Indeed, from the signing of a contract of sale, the vehicle no longer belongs to the subscriber; he therefore no longer has the slightest reason to continue to insure a vehicle that he no longer owns.

In order for the contract to be definitively terminated and so that the subscriber does not continue to pay unnecessarily for an automobile insurance contract, he must send a registered letter with acknowledgment of receipt to his insurer.

On this letter, the model and brand of the vehicle, the license plate, the references of the contract, as well as the date of sale of the vehicle must appear.

Selling a vehicle and acquiring a new one:

In the event of the sale of a vehicle, if the subscriber of the insurance contract intends to buy a new one, he must only suspend the insurance contract.

Indeed, as soon as the new vehicle is purchased, it will be immediately insured in place of the old one.

The acquired bonus therefore remains valid for the new vehicle.

On the other hand, the guarantees can be different since it will undoubtedly be essential to guarantee the new vehicle in all risks.

As a result, insurance premiums may vary somewhat.

Car insurance andthe Chatel Law

The Chatel Law was created to oblige insurers to inform their customers of the expiry date of their automobile contract by sending an information letter.

Thus, if they wish to cancel their automobile insurance, the insured have a certain period provided for by law to do so, and to insure their vehicle with another

Cancellation of the car insurance contract

When you have car insurance that you want to cancel, it is imperative to follow an approach that is standardized by law.

Here is everything you need to know to terminate your car contract and the conditions that must be met. It is possible to terminate your car contract on each anniversary date of the signature;

The insurance contract for a used vehicle

Insuring a used vehicle is not much more complicated than insuring a new vehicle. However, it is essential that the buyer takes out an insurance contract for the used vehicle.

In addition, the insurance must take effect as soon as the buyer takes possession of the car. Therefore, it is recommended that he inform his insurer of the date

The car insurance certificate

The automobile insurance certificate is a mandatory document for any motor vehicle put into circulation.

It consists of several components; the insurance certificate and the sticker which must be placed on the windshield of the insured vehicle. The green card is the result of an agreement by the federation of insurers at European level and it

Auto insurance brokers

You just bought yourself a new car and you need to find the best car insurance possible. For this there are different possibilities but the best of them is to use an insurance broker. When you want to find car insurance with the best value for money, it is possible

What is the deductible?

The car deductible is the sum that remains your responsibility in the event of a claim. There are several kinds of deductibles, it's up to you to take them into account when you take out car insurance.

The amount of the deductible has an impact on your premium comparing the different contracts and the different insurances is then essential.

The amicable report

The joint report is a document that must be completed in the event of an accident.

Once it is completed, the joint report must be sent quickly to the insurance company of the people involved in the accident, to allow the insurers to proceed with any compensation for the parties concerned. What is an amicable report used for? A finding

Superinsurer, an insurer with numerous and attractive offers

That's it, you just got your driver's license and yous thinking about buying a vehicle. You have found the model and all that remains is to see how much it will cost you in insurance. To find the best offers on the market, those that properly insure and at the best price both young (*)