Can I transfer my insurance to another insurance company?
Yes, you can switch companies if you have a loan on your vehicle. If you find a new insurance company with policies that match your auto insurance needs and your budget, it is possible to make the switch.
Can you transfer an insurance policy?
The process is pretty straightforward and usually involves filling out assignment or transfer forms with your insurer. Once you transfer the policy over, you no longer have any control over it so you can't change the beneficiaries or increase the coverage limit.
Can I transfer my policy to another person?
You can transfer the rights on your life insurance policy to another person/entity for various reasons. This process is referred to as Assignment and is governed under Policies of Assurance Act (Chapter 392).