The policyholder and the owner are different persons OSAGO

MTPL policy when there is a change of owner. The policyholder and the owner are different persons

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The MTPL policy is a document confirming the compulsory civil liability insurance of the vehicle owner. Its peculiarity is characterized by compensation for damage caused to another car and its passengers. By insuring the car, the owner of the car gets rid of the hassle of compensating the victims in the future. This is covered by the insurance company. In this case, a situation is possible in which the MTPL policyholder and the owner of the vehicle are different persons.

Who can be the policyholder

Russian legislation allows one person to purchase a car, another to have ownership rights to it, and a third to drive it. However, this does not exempt the vehicle from concluding an insurance obligation. This begs the question - how to apply for compulsory motor liability insurance if I am not the owner of the car, and not its buyer? Or vice versa, can I conclude a compulsory motor liability insurance agreement if I am not the owner of the car?

Apparently, here we need to consider who is the mortgagor under the insurance contract. They introduce themselves to the person who purchased the policy for the price indicated on it. He can change the validity period, add other drivers, request a duplicate document, and negotiate with representatives of the insurance agency.

Of course, this does not mean that the owner of the car cannot conclude the contract itself. This is confirmed by the document itself. The insurance form has two columns - one is intended for the policyholder, the second - for the owner of the vehicle, who also has the right to sign the insurance obligation.

One of the parties to such an agreement may be:

car owner;
confidant;
a driver driving a car by proxy;
a relative or just an acquaintance.

The mortgagor has the right to conclude an agreement in another city. He will fill out the form and indicate the place of residence of the owner of the car, even if he is in another region.

Roles in taking out a policy

There are two parties involved in signing an insurance obligation - the insurer, who issues the relevant document, and the mortgagor - the insured of the vehicle. It is the latter who has the right to make various changes to the document, at his own discretion, up to and including termination of the contract. And it is not the owner who can insure the car. Of course, his name is also on the OSAGO form, but the insurance belongs to the person who bought it. But the mortgagor can issue a compulsory motor liability insurance policy for the owner.

The first has several obligations regarding the car, such as:

provide the insurance company with truthful information, photocopies or originals of the necessary documents for the correct calculation of the premium and signing of the contract;
indicate the owner, make appropriate changes and amendments to the policy without delay during the current period.

The latter applies to the case if the owner of the car has changed, and you need to issue compulsory motor liability insurance without the owner.

Who is the owner

The owner is the person who owns the car. He does not have to be the policyholder, the buyer, or drive the car. The column “Owner of the Fund” in the policy is intended for him.

Rights of the policyholder and owner

If the pledgor is responsible only for the correctness of the information provided, then the owner bears full responsibility for the behavior of the car on the road, he is a participant in the road process. But, if the car becomes an unwitting participant in a traffic accident, the owner, and not the policyholder, receives the insured amount or its material component. Although he appoints a beneficiary. The main powers of both can be summarized as follows:

the policyholder changes the list of drivers;
reissues the MTPL policy when the owner changes;
extends the validity of the policy;
terminates the insurance contract and has the right to replace the owner;
receives the unused portion of the insurance;
makes technical changes that arise, adjusts the purpose of using the product.

The owner’s powers are determined by the process of driving on the road, such as:

draws up and writes a statement about the occurrence of an insured event;
makes a decision on covering the damage - repairs or monetary payment;
makes claims related to the duration or quality of repairs or the amount of compensation;
signs the insurance certificate and other similar documents.

Naturally, if the policy holder and the owner are the same person, such a separation of functions does not occur.

The main differences between the policyholder and the owner

The main differences between the beneficiary and the mortgagor are due to the following:

The policyholder is considered to be the person who entered into an agreement with the agency when registering compulsory motor liability insurance by a non-owner and who paid the motor third party liability insurance premium. He can buy compulsory motor liability insurance without a driver's license;
the owner of the car is not given the rights to adjust, make changes, extend or terminate the contract, but he receives a cash payment or other material compensation.

In simple terms, the policyholder is the owner of the contract, the owner is the car. However, if a road accident occurs, the latter receives the compensation amount from the bailor.

Who will receive the insurance payment when applying for compulsory motor liability insurance not for the owner?

The presence of an insurance document gives its holder the right to reimbursement of vehicle repair costs in the event of an accident by the insurance company. If the policyholder and the owner are the same person, there is no question of who will receive the money. However, if compulsory motor liability insurance is not issued to the owner of the vehicle, the question of money arises.

The legislation states that the beneficiary is the owner of the funds, although the compulsory motor liability insurance is not issued to the owner of the car. He can receive compensation from the insurance agency, or transfer it to a car repair service. In this case, the victim is the owner, not the holder of the contract. It is possible that another person will receive monetary compensation if the owner of the car makes an official power of attorney for him. However, when the owner changes, a decision may be made to refuse to pay compensation when receiving insurance, so the compulsory motor liability insurance policy is reissued when the owner changes.

The legislation also provides that the owner and the policyholder are different people, and the document can be issued to anyone. In this case, the mortgagor is entered into the policy as a driver. The owner of the car, when registering it in the name of another person, does not have to be indicated as a driver in the document. In the event of a traffic accident, the owner of the car or his notarized person will receive insurance compensation.

Who can renew insurance

The vehicle can be operated not only by its owner or policyholder, but also by a third party who has a notarized power of attorney for the right to drive it. In addition, it must have insurance.

The agreement can be signed for a period of one year, or a shorter period with its extension. Here the question will also arise about the extension of compulsory motor liability insurance by the owner of the vehicle. He will be able to do this only if he is a party to signing the insurance contract.

A significant role is played by the change of ownership of the car. Therefore, doubts about whether it is necessary to reissue the policy when the owner changes should be put aside.

The owner of the insurance document can renew it online. To do this, you need to go to the insurance company’s page and go through the policy renewal procedure. He can also change the owner’s electronic form or make other adjustments.

Conclusion

To summarize what has been said, it is necessary to add that when issuing compulsory motor liability insurance, the owner of the policy is the person who entered into the contract and paid the corresponding amount. It may not be the owner of the vehicle and may not have the right to use it, but change the owner of the car at its discretion, renew the insurance for it, or enter into a new contract when the owner changes.

Can the insured under compulsory motor liability insurance not be the owner of the car?

Quite often, a car is purchased by one person and operated by another.

In order not to waste time on re-registration of property rights, the legislation of the Russian Federation provides the opportunity for the owner of a vehicle to entrust the driving of the car to another person.

In this case, the question becomes relevant: who can be the insured under compulsory motor liability insurance, and whether it is possible to obtain insurance for someone other than the owner of the car.

First of all, you should figure out who the insured is in the MTPL policy. He is the person who enters into a compulsory motor liability insurance agreement with an insurance company.

The policyholder pays money for insurance and makes the necessary adjustments in the future. He has the right to change the period of use, add new drivers, receive a duplicate of the policy, and the like.

Amendments were made to the rules of compulsory motor liability insurance, the provision of the law in relation to persons who issue insurance policies has changed.

The policyholder and the owner of the vehicle are different persons under compulsory motor liability insurance. The insurance form contains two separate columns for them, which confirms the right for another person to take out the policy. This can be any driver authorized to drive a vehicle.

In accordance with the law, a party to the contract may be:

the owner himself;
his confidant;
a driver who operates a vehicle by proxy;
a close person or just an acquaintance.

Thus, the insured under the MTPL policy may not be the owner of the car. In this case, a person does not have to have a notarized power of attorney for him.

One person can be the policyholder, another can be the owner, and a third person can drive the insured vehicle.

The law does not specifically specify whether it should be an individual or an organization. Any person has the right to insure a car.

The policyholder must simply perform his simple duties:

Provide truthful information, valid documents or photocopies thereof. They are needed for the correct calculation of the insurance premium and the conclusion of the MTPL contract.
Make timely necessary changes to the policy if necessary during the year.

Registration of compulsory motor liability insurance without the presence of the owner

The presence of the owner to obtain insurance is not a prerequisite. But his name fits into the auto insurance policy.

The policyholder must be included in the MTPL insurance as a driver authorized to drive. This is the person who entered into a compulsory insurance contract and made payment. He automatically becomes a driver included in the insurance and is covered by insurance.

For the owner, when registering a car not in the name of the owner, it is not necessary to enter the policy as a driver.

Any driver to whom a power of attorney has been issued can take out insurance without the presence of the owner, and it does not have to be certified by a notary.

The owner of the vehicle can issue a one-time, special or general power of attorney to issue a policy. A handwritten version will also work.

In addition, you will need the following documents:

Insurance Application.
Driver's licenses of all persons who are allowed to drive a car under the MTPL policy.
Driver's ID card and a copy of the car owner's passport.
Documents for the car - PTS and registration certificate.
Previously concluded auto insurance policy.
Directly, the power of attorney itself to conclude the MTPL agreement.

You can present the above list of documents in copies if the insurance company allows it.

Cost of insurance purchased by someone other than the owner of the car

The cost of insurance depends on several factors:

driver experience;
his age;
KBM coefficient.

When calculating, only the data of those persons who are allowed to drive a vehicle will be taken into account. The cost of insurance will depend on their number. Therefore, you should only enter those drivers who plan to use the car constantly.

If the policy is issued not by the owner of the car, but by another person, then the owner may not be included in the insurance. Since the presence of a policy gives the car owner the right to use it.

Registration of a compulsory motor liability insurance policy not for the owner of the car will not affect the cost of insurance at all.

According to the law, which is also in force in 2019, when the insured and the owner are united in one person, there are no changes in the cost of the policy.

It can only be noted that additional costs will be incurred by the owner of the vehicle when registering a power of attorney with a notary.

Who will receive the insurance payment when applying for compulsory motor liability insurance not for the owner?

Having an MTPL policy gives the insured a guarantee that in the event of a traffic accident, the costs of repairing the damaged vehicle will be fully or partially covered by the insurance company.

If the policy is not issued to the owner of the vehicle, drivers have a question about who is the beneficiary under compulsory motor liability insurance, the owner or the insured . According to the law, insurance compensation is due to the owner of the car.

Cash compensation can be received in cash at the insurance company's cash desk or by bank transfer by providing the recipient's details to the bank.

It is the owner of the vehicle who will receive payments when an insured event occurs. Therefore, he should foresee all the nuances of obtaining insurance in advance.

Only he will have the right to receive insurance compensation, unless he makes a power of attorney to another person to receive payments. In this situation, the power of attorney must be certified by a notary.

The authorized person can be the policyholder under the MTPL policy or any other person.

The insured under MTPL may not be the owner of the car. The insurance company has the right to enter into a motor vehicle liability agreement with anyone who presents a document confirming the right to operate the vehicle.

In accordance with the law, if the owner and the policyholder are different persons, the MTPL agreement can be issued for any of them. The insured of the vehicle is automatically included in the insurance as a driver.

The owner of the car, when registered in the name of another person, does not have to be included in the policy as a driver. In the event of an accident, the owner of the car or an authorized person has the right to receive insurance compensation.

Should only the owner of the car always be the insured under compulsory motor liability insurance?

Not always only its owner has the right to drive a particular car. It is not uncommon to encounter situations in which you are required to drive a company vehicle or family vehicle. Today, every car must be insured, regardless of who is its official owner. But who can be the policyholder under compulsory motor liability insurance and should the owner always be involved when drawing up an insurance contract? The answer to the question contains some nuances that you need to familiarize yourself with before signing the agreement.

Insurer and policyholder - basic concepts

Today, the concepts of policyholder and owner are differentiated, therefore, in the insurance contract, separate fields are allocated for them to fill out. But who is the policyholder according to the documents? The policyholder is an individual who has the right to execute this agreement. This subject may have restrictions on the rights to the vehicle, but he undertakes to fulfill all the conditions specified in the contract. The insurer is the company that has the legal rights to prepare these documents.

Who can be a car insured under MTPL?

To be an insurer means to enter into an agreement with an organization that provides CASCO or MTPL services, subject to certain rights to drive and dispose of a vehicle. The procedure can be carried out directly at the office of the insurance organization or on its website through an online application. In the second case, the policy can simply be printed.

Can someone other than the owner of the car be an insured?

The person entering into the agreement can be not only the direct owner of the vehicle, but also any person who has a power of attorney from the owner (the full name of the policyholder must be written in the “driver” paragraph). However, the owner must also be indicated in the contract, as mentioned above.

Coverage extends to the owner as well as all persons included in the insurance, including the insured. Therefore, problems should not arise if a car gets into a traffic accident.

The policyholder, as the vehicle owner's fiduciary, is fully responsible for insurance documentation but has limited rights in relation to the vehicle.

What documents are required to purchase a policy by a non-owner?

The insured, regardless of whether he is the owner of the vehicle or not (the policyholder and the owner are different persons of OSAGO), has the following obligations to the insurance company during the execution of the agreement:

paying a fee for the policy;
provision of an application and package of documents;
storing and ensuring the safety of the form;
timely making adjustments if necessary.

The policyholder has the right to terminate the contract if necessary, as well as receive a duplicate of the previously prescribed policy.

The insurance company does not have the right to request documents for registration that are not included in the standard list of papers. Therefore, it is recommended to prepare them in advance. The list of main documents includes:

original passport of the policyholder, copy (if necessary) of the passport of the vehicle owner;
power of attorney from the owner of the vehicle;
certificate of state registration of the vehicle;
driver's licenses of all persons who must be included in the insurance;
PTS (original document);
form of a previously received policy;
diagnostic card (if the vehicle has been used for more than three years).

A copy of the owner's passport is required to enter his own passport data into the form. Therefore, the presence of a person when drawing up an agreement is not mandatory.

Who can drive a car?

According to the current legislation of the Russian Federation, the owner has the right to provide his vehicle for use to any third parties (one or more) at will or necessity. However, to do this, each prospective driver must meet the following requirements:

availability of a driver's license of the appropriate category;
availability of a power of attorney certified by a notary to drive a vehicle;
availability of insurance (the driver must be included in the document, regardless of who the owner of the vehicle is or whether he is an insurer).

When stopping a car by traffic police officers, the driver must present:

driver's license;
vehicle passport (PTS);
OSAGO insurance policy.

Police officers currently do not ask for a power of attorney to drive a car, however, until 2012, a power of attorney giving a person the right to drive a vehicle was mandatory. At the moment, it is enough to add the driver to the MTPL policy,

The insurer enters the new driver's data into the insurance policy. In this case, an additional fee will be required. Its size will depend on the following factors:

driving experience entered;
his age;
KBM coefficient.

The most expensive insurance may be for inexperienced drivers with no more than three years of driving experience. In most cases, it turns out to be almost three times more than for experienced ones.

Who will receive insurance compensation?

The MTPL policy provides a legal guarantee to the policyholder that in the event of unforeseen situations and traffic accidents on the road, the insurance company will partially or fully cover all costs of repair and restoration of the vehicle. The entire list of insured events can be provided by the insurance company, but it is standard and does not imply adjustments by the organization itself.

The answer to the question of whether a person other than the owner of the car can be an insured is clear. But when an accident occurs, disagreements often arise. Many people believe that compensation for material losses is due to the policyholder. However, according to the law “On Compulsory Motor Liability Insurance”, it is the owner of the car who will receive insurance compensation. At the same time, the driver and the policyholder practically do not participate in these processes.

Not only the owner of the car can receive the payment. If this is not possible, he has the right to grant a power of attorney to another person so that payments can be made to his account.

Details for receiving a non-cash transfer can be left with the company in advance, during the registration of the insurance contract, or later, after the occurrence of the insured event. First, specialists are required to carry out an examination and assessment of damage in order to make calculations for compensation for material damage. Additionally, you will need to fill out an application to receive funds.

All these procedures usually take quite a lot of time, so it is recommended to collect documentation to receive compensation as quickly as possible. To receive payments quickly, it is best to choose cash transfer.

Conclusion

The owner of a vehicle license has almost unlimited rights to use it for personal purposes. But who can insure a car and what rights will this person receive? The so-called policyholder does not have to be the owner of the vehicle. This can be done by an authorized person who has received the relevant document (power of attorney). At the same time, adjustments and changes to the insurance contract can also only be made by the policyholder, even if he is not the owner of the car. When concluding an agreement, you must carefully study the documentation and insurance provisions in the list.

Who are the insured and the owner in the MTPL policy - are they different persons or not?

Statistics on today's civil liability insurance market for vehicle owners show that the direct owner of the car does not always use his vehicle as the real owner.

It often happens that one person buys a car, but others (children, grandchildren, relatives, co-workers, etc.) use this transport.

This is precisely the situation we will analyze in the article presented below.

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Are these faces different or always the same?

Very often, our motorists confuse two concepts - the owner of the car and the policyholder . Many also wonder whether it is possible to complete a civil liability insurance transaction without the participation of the car owner. It is generally accepted that such a transaction is concluded by the insurance company only in the presence of the owner of the car.

But this opinion is fundamentally wrong. The owner of the car and the person with whom the insurance company enters into a contract may be the same person, or they may be different persons.

There are different columns in the contract form for the owner of the car and for the person concluding an insurance contract with the insurance company .

And this, in turn, means that another person can draw up an agreement with the insurance company, without the presence of the owner.

Who can be an insured under MTPL?

The person concluding an agreement with the insurance company can be absolutely any of the drivers who has the right to drive this car, i.e. included in the insurance. The presence of the owner of the car when drawing up the contract is not at all necessary , but his name will need to be included in the civil liability contract.

The one who pays the fee for concluding this auto liability agreement becomes the insured.

A person who has entered into an insurance contract is also covered by insurance in the event of an accident.

It is not necessary for a person who owns a vehicle to sign up for an auto liability policy as a driver.

It should be taken into account that all subsequent adjustments to the car insurance policy will be made only by the policyholder ; in this case, the car owner will not be able to do this. Those. If you need to add another driver to your insurance, then it is not the owner of the car, but the policyholder, who should go to the insurance company.

When applying for insurance, a person who is not the owner of the car must have a power of attorney from the owner; such a document will also be needed to make subsequent changes.

You can take out insurance not for the owner of the car even if the policy is issued electronically (you can read about electronic policies here).

Role in issuing a policy

One of the parties to the transaction is the policyholder, and the second party is the insurance company.

It is the policyholder (or the person to whom a power of attorney was issued on behalf of the policyholder) who has the right to amend the contract and terminate it (we wrote about the nuances of early termination of the contract here).

The owner of the car, in respect of which an agreement was concluded between the policyholder and the insurance company, does not have such powers, despite the fact that the car is owned by this citizen.

Yes, the car owner’s details are also indicated on the OSAGO form , but the insurance itself belongs to the policyholder, since he paid for it (we talked about why this insurance is needed here).

What rights do they have?

The car owner is responsible for all actions related to receiving insurance compensation in the event of an accident.

The process of restoring damaged property is based on the actions of the person who owns the property.

The rights of these two persons can be divided as follows:

Policyholder.
1. The Company has the right to make adjustments to the list of drivers allowed to drive this vehicle.
2. Make necessary adjustments when changing owners.
3. Can renew the insurance contract throughout the year.
4. May, without agreement with the owner, terminate the insurance contract and receive the unused portion of the paid insurance premium.
5. The person who has concluded the contract can make changes to it regarding technical parameters (replacing the VIN code, etc.).
6. It can also make adjustments regarding the stated operating conditions.
Owner.
1. Draws up and submits an application to the insurance company about the occurrence of an insured event.
2. Decides on the type and amount of compensation for damage caused.
3. The property owner receives money to compensate for the damage.
4. Can make claims to the insurance company regarding the amount of compensation and the quality of the repairs performed.
5. Must be familiar with the insurance act and other documents in the insurance company.

If the owner of the car and the person who entered into the transaction are the same person, then this kind of division becomes, as you understand, irrelevant.

But if the owner of the car and the policyholder are different people, then these positions must be taken into account when concluding an auto liability contract.

Who is the owner?

In the owner column in the OSAGO document, the person who acquired the property is indicated. The owner is the person who acquired ownership of the property.

Main difference

The difference between the owner and the policyholder is as follows:

The policyholder is a person who purchases an insurance product from an insurance company and pays a premium under a motor vehicle liability contract, but in the event of an accident, the owner of the car receives the right to receive an insurance payment. And also this person does not have the right to dispose of this property (if he does not have a notarized power of attorney from the owner).
The owner of the car is the owner of this property , but does not have the right to make any adjustments to the insurance document or terminate it.

In conclusion, I would like to touch upon the topic of unfair claims against the insurance company. Very often there are situations when people try to induce insurers to engage in illegal actions. Sometimes his relatives or third parties try to represent the interests of the person who provided the insurance.

Even if a person has an insurance policy, the insurer does not have the right to include him in the insurance as a driver without the permission of the policyholder.

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OSAGO policy upon change of owner

The MTPL policy is a document confirming the compulsory civil liability insurance of the vehicle owner. Its peculiarity is characterized by compensation for damage caused to another car and its passengers. By insuring the car owner, the owner of the car gets rid of the hassle of compensating the victims in the future; this will be taken care of by the insurance company. In this case, it may be that the insurance policyholder and the owner are different persons.

Who can be the policyholder

Russian legislation allows one person to purchase a car, another to have ownership rights to it, and a third to drive it. However, this does not exempt the vehicle from concluding an insurance obligation. And then, how can I apply for compulsory insurance if I am not the owner of the car and not its buyer? Or vice versa, can I make a compulsory insurance agreement if I am not the owner of the car?

Apparently, here we need to consider who is the mortgagor under the insurance contract. They introduce themselves to the person who purchased the policy for the price indicated on it. He can change the validity period, add other drivers, request a duplicate document, and negotiate with representatives of the insurance agency.

Of course, this does not mean that the owner of the car cannot conclude the contract itself. This is confirmed by the document itself. The insurance form has two columns - one is intended for the policyholder, the second - for the owner of the vehicle, who also has the right to sign the insurance obligation.

One of the parties to such an agreement may be:

car owner;

confidant;

a driver driving a car by proxy;

a relative or just an acquaintance.

The mortgagor has the right to conclude an agreement in another city; he will fill out the form and indicate the place of residence of the owner of the car, even if he is located in another region.

Role in issuing a policy

There are two parties involved in signing an insurance obligation - the insurer, who issues the relevant document, and the mortgagor - the insured of the vehicle. It is the latter who has the right to make various changes to the document, at his own discretion, up to and including termination of the contract. And it is not the owner who must insure the car. Of course, his name is also on the OSAGO form, but the insurance belongs to the person who bought it. But the mortgagor can issue a compulsory insurance policy for the owner.

The first has several obligations regarding the car, such as:

provide the insurance company with truthful information, photocopies or originals of the necessary documents for the correct calculation of the premium and signing of the contract;

who to indicate as the owner, to make appropriate changes and amendments to the policy without delay during the current period.

The latter applies to the case if the owner of the car has changed, and you can apply for compulsory insurance without the owner.

Who is the owner

The owner is the person who owns the car and does not have to be the policyholder, the buyer, or the driver of the car. The Owner of funds column in the policy is intended for him.

What rights do they have?

If the pledgor is responsible only for the correctness of the information provided, then the owner bears full responsibility for the behavior of the car on the road, he is a participant in the road process. But, if the car becomes an unwitting participant in a traffic accident, the owner, and not the policyholder, receives the insured amount or its material component. Although he appoints a beneficiary. The main powers of both can be summarized as follows:

the policyholder changes the list of drivers;

reissues the insurance policy when the owner changes;

extends the validity of the policy;

terminates the insurance contract and has the right to replace the owner;

receives the unused portion of the insurance;

makes technical changes that arise, adjusts the purpose of using the product.

The owner’s powers are determined by the process of driving on the road, such as:

draws up and writes a statement about the occurrence of an insured event;

makes a decision on covering the damage - repairs or monetary payment;

makes claims related to the duration or quality of repairs or the amount of compensation;

signs the insurance certificate and other similar documents.

Naturally, if the policy holder and the owner are the same person, such a separation of functions does not occur.

Their main difference

The main differences between the beneficiary and the mortgagor are due to the following:

the policyholder is considered to be a person who has entered into an agreement with the agency; registration of compulsory motor insurance by a non-owner who has paid the motor third party liability insurance premium can buy compulsory motor insurance without a driver's license;

the owner of the car is not given the rights to adjust, make changes, extend or terminate the contract, but he receives a cash payment or other material compensation.

In human terms, the policyholder is the owner of the contract, and the owner is the owner of the car. However, if a road accident occurs, the latter receives the compensation amount from the bailor.

Who will receive the insurance payment when registering compulsory motor insurance not in the name of the owner?

The presence of this insurance document gives its owner evidence that if the car is involuntarily involved in a road accident, the costs of its repair will be reimbursed by the insurance agency. Of course, if the policyholder and the owner are the same person, there are no questions about who will receive the money. However, if the compulsory motor insurance is issued to someone other than the owner of the vehicle, the issue of money becomes significant.

The law states that the beneficiary is the owner of the funds, although the compulsory insurance is not issued in the name of the owner of the car. He can receive compensation from the insurance agency, or transfer it to a car repair service. In this case, the victim is the owner, not the holder of the contract. It is possible that another person will receive monetary compensation if the owner of the car makes an official power of attorney for him. However, when the owner changes, a decision may be made to refuse to pay compensation when receiving insurance, so the compulsory insurance policy is reissued when the owner changes.

The legislation also provides that the owner and the policyholder are different people, and the document can be issued to anyone. In this case, the mortgagor is entered into the policy as a driver. The owner of the car, when registering it in the name of another person, does not have to be indicated as a driver in the document. In the event of a traffic accident, the owner of the car or his notarized person will receive insurance compensation.

Who can renew insurance

The vehicle can be operated not only by its owner or policyholder, but also by a third party who has a notarized power of attorney for the right to drive it. In addition, it must have insurance.

The agreement can be signed for a period of one year, or a shorter period with its extension. Here the question also arises about the extension of compulsory motor insurance by the owner of the vehicle. He will be able to do this only if he is a party to signing the insurance contract.

A significant role is played by the change of ownership of the car. Therefore, doubts about whether it is necessary to reissue the policy when the owner changes should be put aside.

The owner of the insurance document can renew it online. To do this, you need to go to the insurance company’s page and go through the policy renewal procedure. He can also change the owner’s electronic form or make other adjustments.

Conclusion

To summarize what has been said, it is necessary to add that when registering an insurance policy, the owner of the policy is the person who entered into the agreement and paid the corresponding amount. It may not be the owner of the vehicle and may not have the right to use it, but change the owner of the car at its discretion, renew the insurance for it, or enter into a new contract when the owner changes.

Our auto lawyer will help solve all your problems with insurance. Sign up for a free consultation in a special form or ask a question in the comments.

We also now recommend that you find out about the return of compulsory motor liability insurance when selling a car.

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