Insurance transfer

[pwuser15847184899]

AOA Pakwheelers
I am going to purchase a car alto 660cc from my colleague which he insured from adamjee company and paid full amount for 1 year insurance uptil 2021 September.

As i purchase that vehicle,and any anything XYZ happens to it will the insurance pay me /or get my vehicle fix etc OR will they ask me for the owner know got the vehicle insured ?

OR
Do i have to transfer the car insurance to my name to get the benefits.

[IIIM5]

First of all insueance is not tranferable in any criteria better either let the vehicle remain on your freinds name and god forbids if needed your freind may deal with claim second option surender policy get refund and again insure it on your name
Last as you said it is insured till Sept 2021 please be sure as Insurance companies normally give cover only for 12 months so to the max if it is even insured today it can't be more than july 2021

[faridahmed]

^this summarize it nicely

[brownrose78]

It seems September 2020 instead of September 2021

Whatever it is Legal way is to...
1. Tell previous owner to surrender/cancel his insurance policy, Insurance company will give him cheque for the balance remaining months.

1. Transfer vehicle to your name

2. Do insurance again by your name

@abid110 bhai works at Adamjeee Insurance, you can also contact him for guidelines.

[abid110]

insurance will not be transferred to your name. you need to initiate a fresh contract of insurance in this regard in your own name and on your own NIC. you can contact me for details and procedures WhatsApp 0331 299 66 38.

[brownrose78]

Dear @pwuser15847184899
As @abid110 Bhai told you, insurance benefits will not reach to you unless you have car in your name + concerned policy in your name so follow legal way & transfer car to your name asap then go for fresh insurance.

[pwuser15847184899]

thanks..