Heidelberg – Anyone who sells his vehicle to privately, contrary to common opinion, can neither cancel the motor insurance nor can he assume that the insurance contract ends automatically with the sale of the used car. On the contrary: With the sale, both the motor vehicle liability insurance and the hull coverage go to the buyer. This is indicated by the independent comparison portal Verivox.
This provision ensures that all vehicles registered for road traffic have sufficient insurance coverage and that accident victims are compensated accordingly. Therefore, all rights and obligations of the contract to the buyer. So it wants the insurance contract law.
“The buyer has the option of continuing the insurance contract, canceling it within one month, or automatically ending it by submitting a new insurance confirmation to the Admission Board,” explains Thomas Prangemeier, Managing Director of Verivox, the independent comparison portal. For the premium due, buyers and sellers are jointly and severally liable until the vehicle has been re-registered and insured to the new owner.
What to do in case of an accident before the change of registration
If the buyer causes an accident after the vehicle has been handed over – but even before the change of registration – the seller’s motor vehicle insurer will pay for all liability and hull damage. But sellers who care about their no-claims discount can be reassured. “The accidental damage does not affect theirs but the non -combatant rebate of the acquirer. However, the prerequisite is that the insurer is informed about the sale “, says Prangemeier. “If the seller has failed to do so, the insurer can become indemnified in the event of a hull. The insurer does pay for liability damages, but in case of doubt they are at the expense of the seller, that is to say, his non-infringement status is falling and insurance premiums are rising, “Prangemeier continues.
Better to play it safe
Those who want to be on the safe side, logs off the vehicle at the registration office and the insurer and asks the buyer to get a temporary license plate – also called transfer number. For the issuance of a short-term license plate an electronic confirmation of insurance is required. However, sellers should remember that deregistered vehicles must not be moved or parked on public roads.
The seller also drives safely if he creates two so-called sales ads in addition to the purchase agreement – one for the registration office and one for the motor vehicle insurance. These ads must be signed by both the buyer and the seller. At the same time the seller’s tax liability ends with the sale notice.
A sales contract should always include the date and time of vehicle delivery. “So the seller can credibly prove that from this point the new owner for any misdemeanors such as parking or speeding is responsible,” says Thomas Prangemeier.