Will auto insurance companies try to lapse you if you leave them?
- February 2nd, 2010
- Posted in finance
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Will machine shelter companies essay to relapsing you if you yield them?
I heard that machine shelter companies module equilibrate your policy, feat you to lapse, if they encounter discover you are leaving them, is that true? I am thinking on purchase a newborn machine contract this hebdomad that module go in gist on Apr 1 and faxing in my letter to equilibrate my underway contract on that aforementioned day, am I safe?
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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.
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.
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
They can not cancel your policy unless you have defaulted in some way.
No, they can't do that. Source(s): http://insurance-junction.com/
If you're paid up until April 1, no, they can't.