Ans: No. You cannot continue with the commercial vehicle insurance in the previous ownerâs name if you are the new owner of the vehicle and the information has been updated in the RTO records. This is because the policyholder and the vehicle owner should be the same person with the same address. You will have to get the policy transferred to your name in order to continue the insurance coverage on your vehicle. Not getting the policy transferred is a punishable offence. Moreover, such a policy will be equivalent to zero insurance coverage as all your insurance claims will be denied the insurer.