Can I insure a vehicle that is not registered to me.

by lilacstewie » Tue Mar 10, 2009 08:26 am

My son has been banned from driving for 3 years. He has a truck on finance that he is now trying to sell. We cancelled the insurance thinking he didn't need it anymore forgetting that the truck could be stolen etc etc. The truck will only be driven if we need to move it or to take it to a garage. Hopefully the insurance will only be for a couple of months. I am fully comp so if we need to move it I would be covered 3rd party. Advice appreciated.

Total Comments: 9

Posted: Tue Mar 10, 2009 02:29 pm Post Subject:

We cancelled the insurance thinking he didn't need it anymore forgetting that the truck could be stolen etc etc. The truck will only be driven if we need to move it or to take it to a garage

. You had better reinstate his policy and fast. :shock: :o ..once his lein holder gets wind that the policy was canceled (and they will) they will slap a collision and comp policy on that truck and add that to what he owes...and believe me when I tell you that this policy for comp and collision will cost WAY more than he was paying for the complete (including liabililty, and whatever else he had) policy he had. Also you're liable to get the state down your throat as well..many states require the insurer to notify them if a policy of a registered vehicle is canceled...which again is going to cost you...you're MUCH better off keeping the policy on this truck until it's sold...seriously....you may be racking up charges from the state and his lein holder as we type....

I am fully comp so if we need to move it I would be covered 3rd party

NOT necessarily!

Posted: Wed Mar 11, 2009 01:32 am Post Subject:

Yep, if they get the state involved some states will gove you so many days to reinsure the vehicle or you will have to turn over the plates. Your finance company will aslo be in an uproar because their property is not being inisred, which is the way they would look at it.

Posted: Wed Mar 11, 2009 04:42 am Post Subject: insurance

I live in the state of PA. The state will give you ( I believe?) 60 days to prove that you DO have auto insurance, of some kind. I had auto insurance, with Progressive, at one time. I wasn't satisfied with their company, so,..I changed to Nationwide. Of course, Progressive turned in a 'claim' stating I no longer held insurance with them. I recieved a letter, from Department of Motor Vehicles asking me to prove I had insurance from somewhere else. I had (about?) 60 days to send them proof.

Posted: Wed Mar 11, 2009 01:56 pm Post Subject:

But SD that 'proof' would enclude then entire time...the 60 days to do so in no way means you can be uninsured for sixty days...there can be no lapse in coverage (just didn't want the OP to think it meant if they got it sold within 60 days they'd be in the clear :wink: )

Posted: Wed Mar 11, 2009 02:59 pm Post Subject:

Thats right SD. As you know I live in PA and my bad butt brother went through this. It can be a real pain when you let insurance laspe or go uninsured. The rates are much higher and you cn better bet the state will keep checking to see if you have insurance. I myself am all for it. I think all states should do the surrendering of the plates and insurance checks. Sure would clear up the highway a little and make it safer.

Posted: Thu Mar 12, 2009 03:46 am Post Subject: insurance

OH, LORI......your're right!! Sorry if I din't make that clear. No.....you CAN'T have 'lapse of coverage' for ANY amount of time. I just meant I DID purchase Auto Insurance from Nationwide BEFORE I cancelled my policy with Progressive. So.......I never went WITHOUT Insurance. FIREYONE........................ain't that the truth!!!!!!!!!!! I have friends who have learned the hard way about NOT having Insurance. MAJOR fines, etc.

Posted: Thu Mar 12, 2009 10:10 am Post Subject:

Hey Lori, is it possible to reinstate a policy after 3 years?

I think reinstating the policy would cost more than purchasing a new plan. What do you say?

~Jeremy

Posted: Thu Mar 12, 2009 11:17 am Post Subject:

Hi..

I think reinstating the policy would cost more than purchasing a new plan.



I think its rather beneficial to pay back the premiums and reinstate your insurance if it's possible.
I say this because in some cases the new policy may not have the same contract provisions as that of the lapsed policy. The provisions of the lapsed policy seems far too liberal at times.

Roddick

Posted: Thu Mar 12, 2009 11:47 am Post Subject:

Hey Lori, is it possible to reinstate a policy after 3 years?

I doubt any company would reinstate a policy after that amount of time Jeremy...would (as you said) most likely require you to write a new policy....Think of the 'unseen' liability they would assume...I really doubt a reinstatement could occur after a 3yr laspe.

I say this because in some cases the new policy may not have the same contract provisions as that of the lapsed policy. The provisions of the lapsed policy seems far too liberal at times.

Rod, any policy changes (not coverage or limits that's totally up to the insured) that I've ever seen are for everyone, and change (if necessary) at renewal...so not sure what you mean by this.

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