Will auto insurance companies try to lapse you if you leave them?
Will auto insurance companies try to lapse you if you leave them?
I heard that auto insurance companies will cancel your policy, causing you to lapse, if they find out you are leaving them, is that true? I am planning on buying a new auto policy this week that will go in effect on Apr 1 and faxing in my request to cancel my current policy on that same day, am I safe?
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6 Responses
1.27.2010
Best Answer – Chosen by Voters There are lots of places where you can get a free insurance quote. http://www.goodinternetdeals.com/Auto-Insurance.html It only takes roughly 10 minutes to do.
1.27.2010
Yes, you're safe, it's against the law for the company to just cancel you for no reason before that time. I know that in my state (and I believe most others) they are required to give you at least 30 days notice of canceling your policy unless it is for nonpayment of premium. Source(s): Have been working in the industry for 2+ years.
1.27.2010
Yes, you are safe. Any unearned premium from the cancelled policy will be returned to you and any premium you may owe will be billed to you. All legitimate auto insurance carriers will honor your request promptly and correctly and hope that you consider them again in the future to insure your car. Source(s): Clifford Schimek, Florida auto insurance agent over 20 years. http://floridaautoplusinsurance.com
1.27.2010
They can not cancel your policy unless you have defaulted in some way.
1.27.2010
No, they can't do that. Source(s): http://insurance-junction.com/
1.27.2010
If you're paid up until April 1, no, they can't.