When do u cancel your car ins after u sell your car?
Find answers to your legal question.
When do u cancel your car ins after u sell your car?
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i sold my car my car ins do not expire until 3 wk. after. sould i cancel
it or wait
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ronald h
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Cancel the policy effective the day you sold the car. There should be a return premium. If you acquired another car before or at the same time you sold this one, you can simply roll the policy over to cover this one. In either event you will have to refer to your agent or broker.r |
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Billy FZ1
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Cancel the insurance after all paperwork is signed and the other buyer has paid in full. |
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entidtil
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Do not wait. Cancel it now, you will get a refund |
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just me
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Immediately! If you have turned over the title to the vehicle to the buyer, basically sold it, then you are not responsible for the insurance any more. Many states require that you also turn in the license plates, so do that also if your state requires it, and make sure you get a receipt for the plates. Many insurance companies require a copy of that receipt for them to cancel the insurance. Also many insurance companies require the cancellation in writing. It usually can be faxed. By turning in your plates, and cancelling your insurance, negates any responsibility to the car. If the new owner never gets a title or registration in his name, and has an accident, or gets a ticket, with the insurance cancellation and plate receipt, you will not be held responsible for anything.
You will probably get a partial refund on your insurance. Only 3 weeks may not be much...but it is something. And by cancelling your insurance you are basically protecting yourself from any further responsibility to the car. |
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Gambit
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If you are not going to be purchasing another vehicle soon then you can cancel the policy now, however with only three weeks left in the policy there will probably be no refund. |
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david h
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Cancel the policy but you will not get a refund for only 3 weeks left to run so its not that important. |
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Michael S
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Call your insurance broker NOW and tell them you no longer have the car insured with them. You may get a refund for unused period. |
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