by hemi_powerhouse_426 » Tue Jan 13, 2009 09:13 am
My car insurance was cancelled for non payment aswell... but i was wondering.. is it possible to get insurance with another company without paying my previous company what i owe them? or do i have to pay up first?
Posted: Tue Jan 13, 2009 10:48 am Post Subject:
Hi Hemi,
If you have let you previous policy to lapse then I think that you may find problem in getting a new coverage as well. Almost all of the insurers run a check on their policy holders and a lapsed policy would tint your record. However, it might not stop you from getting a new provider.
by the way, are you presently driving without coverage? how long it has been since your earlier policy has lapsed?
Posted: Tue Jan 13, 2009 10:55 am Post Subject:
Shop around, find a new insurer for yourself :D
however, why have you let your previous coverage to lapse? the answer to this question can affect your insurability. And, the insurer may assign you to the high risk bracket if you have been driving without coverage for all this time.
If you can let us know more about your situation we can offer better suggestions. Awaiting to hear from you.
Posted: Tue Jan 13, 2009 01:57 pm Post Subject:
Hemi, you don't owe your prior carrier at all if they canceled you for non-payment, unless you want to reinstate that policy (which you should)...then you will need to pay them all the back premium you decided not to pay...
Yes, you can get coverage at another carrier, they will ask if you have gone non-insured for any time...don't lie, this could come back and bite you will a claims denial for mis-rep on an application.
Posted: Tue Jan 13, 2009 02:45 pm Post Subject:
Lori, I relize how being non-insured effects your insurance. How fo they figue out a person was non insured? Does it go by vehicle or social security number? Why I am wondering is what if a person sold their vehicle and no longer owned one. Then there would be no reason for car insurance. Then say later they buy a vehicle and go to insure it..is this going to effect them?
Posted: Wed Jan 14, 2009 12:21 am Post Subject:
How fo they figue out a person was non insured? Does it go by vehicle or social security number?
On the application it usually asks who their prior coverage was with, maybe even the policy number, and then underwriting (or an adjuster if there is a claim) can/will contact that carrier to make sure there was no 'gap' in the coverage, there may be other ways of knowing or finding out, but of course I only deal with it if there is a claim present...Why I am wondering is what if a person sold their vehicle and no longer owned one. Then there would be no reason for car insurance. Then say later they buy a vehicle and go to insure it..is this going to effect them?
No this wouldn't affect them because there was no 'gap' in the insurance coverage...they didn't have anything to insure...it's just if there is an insurable interest, (ie car or motorcyle, boat, home etc) that the owner allowed to go uninsured.Posted: Wed Jan 14, 2009 04:17 am Post Subject: My policy was cancelled because I lost my job.
I have not been driving since August when it was cancelled.
Posted: Wed Jan 14, 2009 07:31 am Post Subject:
I have not been driving since August when it was cancelled.
Yeah, the ongoing financial crunch has affected many in terms of financial loss, income cut or even unemployment, but it still doesn't permit you to drive uninsured in the road. However, start your search for a new policy. Hope everything would go fine with you :)
Firey, there are several ways available through which the insurer can find out whether or not you were insured. Some states require the insurers to report the DMV about the lapsed policies. Some states even require the owners to submit their registrations if they allow their policies to lapse or cancel it.
~Jeremy
Posted: Wed Jan 14, 2009 11:38 am Post Subject:
I have not been driving since August when it was cancelled.
Here's the deal...most states require a vehicle that is licensed to be on the road way to be insured....You can tell the new insurance carriers that your vehicle has been parked and not moved since August. honestly I'm not sure if they'll buy it...but if it's the truth..that'd certainly be my story and I'd stick to it...but again in answer to your orginally question...no you do not have to pay your prior carrier, you do not owe them any money and after this amount of time they would not accept it.Let us know (for others as well) how it goes and if your premium is affected by this...also what state are you in
Posted: Fri Jan 16, 2009 11:32 pm Post Subject:
Is it hard or more costly to get insurance once you have let it lapse? I recently changed insurance companies and one of their questions was did I have current insurance and did I ever have it lapse. I never had, but it seemed pretty important to them.
Posted: Sat Jan 17, 2009 12:55 am Post Subject:
Some people think that it does not matter. I am glad to never had let mine lapse. Your insurance score is important now a days as your credit score. I wonder if they even take your credit score into consideration when you purchase a policy.
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