Can I Transfer Bike RC Without Insurance?

Posted on: Jan 30, 2023 | | Written by:

Can I Transfer Bike RC Without Insurance?

Published on January 30, 2023. EST READ TIME: 4 minutes

Bikes are incredibly popular in India and for good measures. They are more affordable to buy, lighter on your pockets in terms of regular running, and cheaper to maintain as well. Not to forget you can zip through traffic in a relatively shorter time span. If you want to further reduce the cost of ownership, you can choose a pre-owned bike. In such cases, there are a few important things to consider, such as the transfer of RC and insurance policy for bike as well. Here is all that you need to know.

When you buy a bike from someone who has previously owned it, it is essential to transfer the ownership to your name. This process involves changing all the documents to your name. Depending on where you are buying the bike from, there are two possible changes that need to happen.

First, the ownership of the bike must be transferred to your name. And secondly, the purchase might warrant a change in the RTO as well. This comes into the picture if you are buying from a different state or a different city and want to transfer the RTO to your nearest one. During all this, do not forget about the insurance policy for bike. As it is as important as a document to enable you to ride your bike legally.

How to transfer ownership of a bike?

Some bike owners and buyers can get a bit overwhelmed by the process of transfer of ownership of a bike. However, it is a rather simple affair. Here are all the steps that one needs to follow for ownership transfer.

1. You must ensure that you receive the following documents or have access to them before you buy a pre-owned bike.

o Registration certificate for the bike

o Pollution certificate

o Sales receipt

o Insurance policy for bike

o Forms 28, 29 and 30.

2. The seller must submit the ownership transfer form to the RTO from where the bike was registered. The form must be duly filled out and signed by the seller as well as the buyer of the bike.

3. Once all the necessary documents are submitted to the RTO, and the required fees are paid within the allotted time span, the ownership process will be complete.

4. The RTO will verify everything, and then the bike can be handed to the buyer by the seller.

5. In the unfortunate event that the owner of a bike has passed away, their legal successor can initiate the process of ownership transfer on their behalf.

Documents that you need for the transfer

To complete a smooth transfer of ownership, it is essential that you provide all the necessary documents. Here is a list of all the documents that you will need during the process if it is within the same state.

1. PUC of the bike

2. A copy of the bike insurance policy

3. RC of the bike

4. A copy of the road tax certificate

5. Sales receipt of the bike

6. Proof of identity of the buyer

7. Proof of address of the buyer

8. Form 60/61 or the PAN card of the buyer

9. NOC from the bank about any existing dues

10. Form 29 and 30

In the case of the death of the previous bike owner, the following documents are required.

1. Form 31

2. Death certificate of the owner of the bike

3. Succession certificate issued by a lawyer

4. A copy of bike insurance that is self-attested

On the other hand, if you are buying a bike from another state and want to transfer it to your current state, the list grows a bit. Apart from the above list of standard documents, you will need to furnish a few other additional documents, such as:

1. NOC from the RTO where the bike was previously registered

2. Form 28

3. Road tax receipt of the state that the bike is being transferred to

4. A report from NCRB or no crime record bureau shows that the bike was not involved in any criminal or anti-social activities

Transfer fees for a bike

As already mentioned, you will need to pay the necessary dues for transferring ownership of the bike. Here is all that you need to pay.

1. Smart card charges

RTOs in the country now provide a smart card as the RC of the bike. Gone as the days of providing a booklet. Thus, you will need to pay the charges for getting a new smart card, which costs Rs. 200.

2. RTO fees

Based on the kind of transfer that you are looking for, the RTO will usually charge between Rs. 30 and Rs. 35 for the transfer of the bike’s ownership.

Thus, you will end up paying around Rs. 235 to transfer the ownership with the help of an RTO.

Transferring the bike’s insurance along with RC

An important part of the transfer of bike documents is the transfer of the bike insurance policy. Without a valid policy, you cannot legally ride your bike. Whether the previous owner had a third-party bike insurance policy or a standalone OD bike insurance, you can transfer them to your name.

The first step is to inform the insurance provider about the transfer of ownership within two weeks of it being completed. It is crucial to get this done in the 2-week period, or else you will face a lot of issues.

You will need to submit a few documents to enable the transfer of insurance. This includes the original copy of the previous insurance policy, a copy of the new RC that has the details of the new buyer, address proof and proof of identification, etc.

Once the insurance company receives all the necessary documents and reviews them, they will provide you with an updated insurance document. The insurer will then send you a copy of the new insurance that they have transferred from the previous owner to your name. Also, you will need to notify the RTO about the insurance being transferred to your name.

If the previous owner already had third-party insurance that you have transferred but are not happy about the coverage, you can opt for standalone OD bike insurance policy. It will offer all-round protection.

On the other hand, if you do not want to transfer the insurance, ensure that you opt for third-party bike insurance at the minimum. It will protect you against any liabilities against third parties and prevent you from paying any hefty penalties as well.

Conclusion

If you are considering buying a pre-owned bike, the above steps will help you to transfer all the necessary documents, including the insurance policy for bike. Make sure that you follow the above steps and get all the documents from the previous owner. If you do not want to transfer the insurance policy for bike, you must buy a new one for the bike at the earliest, even before you take it out for a spin.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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