Is it possible to downgrade the car insurance from full to thirdparty .
i renewed my comprehensive car insurance in last month for the period of 1 year.Due to some reasons i want to sell my car the buyer dont prefer full insurance. Is it possible to downgrade the car insurance from full to thirdparty.Can i get the moneyback which i paid for full insurance.
YES IT IS POSSIBLE TO DOWNGRADE IT
ask the buyer to pay u the money less what the Insurance Company is going to deduct for the refund thus the car will remain insured, full insurance for the year, I doubt u will get any money back from the Insurance Company more than half the amount u have already paid
If I'm the buyer, I rather use the full insurance since it was already paid. I'll just change it to third party on its renewal.
Yes, you can down grade to third party insurance, however you will not get a full refund of what you paid for it, they'll charge the months & days your car got insured in comprehensive,balance will be use for converting it to third party, your lucky if ever they return 50% of what you paid for in the beginning.