This type of policy makes sure that even if your used car is responsible for damages to a third-party property, you do not have a huge monetary liability. The insurance company will pay for them on your behalf. All you have to do is choose the right kind of insurance policy and remember to pay the premium.
This type of policy also covers the car from accident-related damages. Even injuries caused during the accident and subsequent treatment to heal them are covered by the insurance policy. As a result, in the unfortunate instance of an accident, the expenses for the driver’s injury and treatment are undertaken by the insurance company on your behalf.
Therefore, a second-hand insurance policy makes owning a pre-owned car as hassle-free as a new one. But you have to remember to renew the insurance on time. Additionally, make sure that existing car insurance of the used car that you are buying is transferred to your name when you change ownership and the registration details. Typically, this takes two weeks, just like the time taken for the RC or the registration certificate of your car.
