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 Posted: Tue Aug 31, 2010 9:04 am Post subject: Auto insurance for a month |
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Hi, this is Jim from CA, and I'm about to buy my friend's used car. I'd use for a single month beyond which I'll get it parked for winter at (my parents' home). I've been shopping since the last week but have only managed to come across insurers who provide coverage for 6 months. Do I find coverage for a shorter term (say..a month)? Would it be beneficial for me to go that way?
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BlackpantherQlight
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| Posted: Tue Aug 31, 2010 9:32 am Post subject: |
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| You'd be able to cancel the policy at any time. If the vehicle is going to remained registered then the state will probably require insurance remain on the vehicle. Most of the time the insurance company is required to report a terminated policy to the state. If the state sees that the vehicle is still registered then nasty things can happen. |
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tcope
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| Posted: Tue Aug 31, 2010 11:34 am Post subject: Short term insurance |
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There are auto insurance companies that provide you with short term insurance. Offers different time periods to choose according to your needs that is a useful feature. You can avail the short term auto insurance for one day to 11 months. This means you can have the policy for exactly the duration for which you use the vehicle. You can request a free quote and know about short term insurance on :
http://www.assureinsure.com/article-short-term-auto-insurance-173.aspx |
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jessica112
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| Posted: Tue Aug 31, 2010 11:34 pm Post subject: |
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Well, with the exception of the opening statement on the website, following the link above provides a lot of useless information in the first paragraph on that website:
| Quote: | | The most important thing to understand about short term auto insurance is that it is not a substitute for the regular annual auto insurance as it serves the purpose of short term use only. The short term auto insurance can be useful when you are on holiday providing you with the temporary coverage. Short term auto insurance is also helpful when you need to drive somebody else’s car or when you plan to add a new driver to your vehicle’s policy. When you travel frequently and leave your state often, you can avoid taking risk by having appropriate auto insurance coverage. |
The business about driving someone else's car only applies if neither you nor they carry auto insurance. The business about adding a new car to you existing auto policy is meaningless, since all auto policies make provision for adding a new vehicle, and you don't need temporary coverage from anyone else.
If you could get insurance for one day, I'm guessing it will not be significantly less than coverage for an entire year. So what's the point?
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MaxHerr
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| Posted: Wed Sep 01, 2010 5:17 am Post subject: general |
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hiii
i m new in this forums and i just need a help in it
and i wish that this site will response me well,,,
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kerryadelfred
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| Posted: Wed Sep 01, 2010 9:46 am Post subject: |
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I'd thank all of you for your replies..
| Quote: | | If the state sees that the vehicle is still registered then nasty things can happen. |
Hey tcope, can you illustrate a bit more on what you consider as 'nasty'?
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BlackpantherQlight
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| Posted: Thu Sep 02, 2010 7:29 am Post subject: |
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By nasty things he means that You have to get registration get over on that particular vehicle that you have insured for the short period of time. If you dont may be there are chances that according to the law that vehicle is still insured and you have to pay the insurance regularly.
http://www.assureinsure.com |
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jessica112
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| Posted: Thu Sep 02, 2010 3:41 pm Post subject: |
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| Quote: | | By nasty things he means that You have to get registration get over on that particular vehicle that you have insured for the short period of time. If you dont may be there are chances that according to the law that vehicle is still insured and you have to pay the insurance regularly. |
I seriously doubt this is what tcope had in mind.
By "nasty things can happen", tcope was probably referring to having one's driver license suspended for not having insurance on a vehicle not registered under a "non-operating permit".
It can be an automatic event in many states that now require electronic reporting of auto insurance lapses to the DMV.
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MaxHerr
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| Posted: Fri Sep 03, 2010 11:28 am Post subject: |
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I've heard about the electronic reporting being done in some states. But what's this 'non-operating permit'?
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Pilgrim30
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| Posted: Fri Sep 03, 2010 9:18 pm Post subject: |
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In California (probably other states also), instead of paying the full freight for vehicle registration for one that is not being used (and to avoid late payment penalties), one may pay about $15 for the NOP. The vehicle must be off the surface streets, and a special permit must be obtained from the DMV before operating the vehicle temporarily (such as to take it to a mechanic for repairs or a smog test) without having to pay the full registration fee. The NOP must be renewed annually or full registration fees must be paid.
Operating a non-registered vehicle on the public roads can result in having the vehicle impounded on the spot if stopped by a law enforcement officer.
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MaxHerr
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| Posted: Sat Sep 04, 2010 12:48 pm Post subject: |
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I don't see any long term benefits with this one...but yeah, I too had one when we were out on a holiday. It also offered the needed peace of mind when we were moving with furniture.
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Juanita
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| Posted: Mon Sep 06, 2010 5:57 am Post subject: |
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I haven't come across any such one-month policy option. I've seen people canceling their regular policies after a month though. But for that, you'd need to bear a penalty. So, it's up to you to decide whether you'd like to go for this option.
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sil
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| Posted: Mon Sep 06, 2010 6:23 am Post subject: |
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Cancelling auto insurance policy is not that easy. you need to send the request letter to insurance company first.The insurer arranges to refund any premium that is due to the policy holder. If any claim has been made on the policy, then no premiums shall be payable to the party.
There may be cases where no refunds are made to the policy holder in case of termination or cancellation. It could lead to a bad credit holder for the policy holder.
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| Posted: Mon Sep 06, 2010 6:30 am Post subject: Car Insurance |
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This is really amazing site and information about car insurance is really very informative. Car insurance is one of the important premiums for those who own car and you need to carry insurance paper while driving. I have gone through some of the insurance site for my car and I have found good insurance company where it provided the details of schemes such as short term car insurance, temporary car insurance, monthly car insurance and also young driver car insurance and many more. This is really good and you can also choose the suitable insurance schemes for your car and also the benefits which are very helpful. This is really good idea where you can even insure for month or even pay when you drive with ‘pay as you go car insurance’ scheme. carinsurancetemporary.co.uk 
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Christine Jones
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| Posted: Mon Sep 06, 2010 10:55 am Post subject: |
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| Quote: | If any claim has been made on the policy, then no premiums shall be payable to the party.
There may be cases where no refunds are made to the policy holder in case of termination or cancellation. It could lead to a bad credit holder for the policy holder. |
It's true that you cannot cancel a policy and collect on a claim, but if a claim was paid, and the premium paid was greater than the claim amount, a refund of excess premium might still occur. Cancellation charges could wipe out any surplus.
But as to the second statement, there is no policy slavery in America. A person is free to cancel their insurance at any time. A problem might only arise in a situation where there was unpaid premium due for a period of time where coverage was in effect. But this is rare. Don't pay your premium, coverage is cancelled by the insurer . . . back to the date of nonpayment.[/quote]
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MaxHerr
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