Buying a used vehicle? What you should know about transferring insurance

Usually the vehicle will be inspected by the insurer before the transfer of name in the policy takes place

I have recently bought a two-year-old car for daily commute. I want comprehensive protection against flood and theft. Are there policies that come with a built-in engine protector cover? 

Flood and theft are in-built perils covered under the standard motor package policy. To protect your engine from damage related to floods, rains and others, you can purchase a separate add-on engine protector cover that is available with most insurance providers. You need to pay additional premium for this cover. This coverage is allowed up to a defined age of the vehicle, depending on terms and conditions. Please read the terms