Two wheelers are the most common mode of transport in India, especially when you have to travel a small distance at the peak traffic hours. Two wheelers include scooters, mopeds and motorcycles. A million of these vehicles run on the Indian roads daily.
People in India buy two wheeler vehicles based on their changing needs and the changing trends in the two wheeler industry. While most of them buy a new two wheeler, many of them also purchase a second hand vehicle. When buying a new two wheeler, you need to get a new two wheeler insurance policy. But when buying a second hand two wheeler, you need to get the existing insurance policy transferred to your name.
What needs to be transferred when buying a second hand bike?
On purchasing a second hand bike, you are required to transfer the following documents on your name:
It is the responsibility of the buyer who has to initiate this process and get everything transferred before riding the bike for the first time.
You can read about RC book & bike ownership transfer in our article - "Know Everything about RC Book, Ownership and Registration of Two Wheeler".
Steps to transfer two wheeler insurance
The documents required to transfer two wheeler insurance are:
To transfer the two wheeler insurance policy, follow the steps mentioned below:
As you see, bike insurance transfer process is very simple and hassle-free.
Read more about two wheeler insurance on our blog - DemystifyInsurance.
Visit our website to buy and get the complete details about the long term two wheeler insurance policy.
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