Can insurance be transferred to new owner in the UAE?
The steps to transfer car insurance to a new owner in the UAE may vary depending on the insurance company, but generally, the process involves the following:
- Contact the insurance company: The first step is to contact the insurance company and inform them that the vehicle has been sold and that the insurance policy needs to be transferred to the new owner.
- Provide necessary information: The insurance company will require certain information about the new owner, such as their name, contact information, and Emirates ID.
- Submit documentation: The insurance company may also require documentation, such as a bill of sale or transfer of ownership certificate. The insurance company will also require the original RTA registration card of the vehicle
- Update the policy: Once the insurance company has received all the necessary information and documentation, they will update the policy to reflect the new owner's information.
- Payment of premium: The new owner will have to pay the remaining premium if the policy is not renewed or expired.
- Collect the updated policy: Once the policy is updated, the new owner will have to collect the updated policy documents, insurance card and registration card from the insurance company.
It's important to note that transfer of insurance policy is not automatic and it may take time to process it. It's always advisable to check with the insurance company regarding the process and the time required for the transfer of insurance policy.