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If one has a car loan for a new or used car in most states they are required to keep full coverage insurance. After 5 to 6 years coverage can be dropped to liability if needed.
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∙ 9y ago
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How long should an insurance broker keep records in California?
You should keep the records for a minimum of 5 years.
How many years do you keep insurance documents?
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Do the proposed health care bills require you to drop your private insurance after 5 years?
No, you can keep your insurance.
How many years do you keep insurance claim for medicare patient?
7
How long do medical insurance companies keep records?
10 years
How long does a medical practice have to keep insurance remits?
7 years
Where should you keep important insurance papers?
You should keep important insurance papers in a secure place, like a safe, bank safety deposit box, or a secure place inside your home.
Should you keep insurance on a repossessed vehicle?
Only if you intend to get it back.
Can a car insurance company keep you on sr-22 filing for 21 years?
The insurance company is not the one who decides whether or not you are required to have an SR-22 or for how long you must keep it. This is up to the Department of Motor Vehicles or Department of Public Safety for your state. I don't know of any reason that would require you to carry the SR-22 for 21 years unless you've been extremely bad. As a matter of full disclosure, I own and operate a small Independent Insurance Agency and have for the part 22 years. Before that I worked as an agent for a direct writer insurance company.
Do you keep your health insurance while on workmens compensation?
Yes, the insurance is kept but you must pay the full amount your employer paid. If not Cobra insurance will be offered at a very expensive rate.
How long should you keep insurance policies after they have expired?
No need to keep them at all unless you are expecting a claim.
Do you need to keep paying for home insurance when your home is being sold due to foreclosure?
Yes, you need/should keep paying for the insurance until you are not on the title anymore.
