Common use of Assignment by You Clause in Contracts

Assignment by You. You may assign this Policy to someone whom You sell or transfer the Vehicle to while this Policy is in force, if certain conditions are met. You may not assign this Policy if the Vehicle is sold or traded (retail or wholesale) to an automobile dealer or automotive wholesaler. A completed transfer and a fifty dollar ($50) transfer fee must be submitted to the Administrator within thirty (30) days of a change in ownership, along with the following: 1. A notarized copy of the documentation showing change of title and current odometer mileage; and 2. Proof of maintenance as recommended by the manufacturer; and 3. If the manufacturer’s warranty requires a transfer, a copy of the completed transfer form. The requisite transfer form may be obtained from the Administrator. Transfers are subject to approval by the Administrator. In the event the transfer form, fee, and required documentation are postmarked after thirty (30) days of the change in ownership, then this Policy will be deemed NON-TRANSFERABLE. You are responsible for the transfer and payment of applicable transfer fees to retain all manufacturers’ warranties available on the Vehicle. Failure to transfer the manufacturer’s warranty can result in non-payment of a Claim if the manufacturer’s warranty would normally have been in effect if the transfer had been made.