Selling your car with insurance claim pending, will simply null and void your insurance claim. Because your damaged car can be subjected to inspection by the Assessor of the Insurance Co. for assessment of the insurance claim any time.
The claim would still be processed - as you were still insured at the time of the incident !
You can't just cancel a claim. It is basically up to the Insurance co. to either aprove a claim or deny it. However, it the vehicle was stolen, it is your resposibility to provide a police report proving that the vehicle was indeed stolen.
You can accept the claim and then buy back the car. This way you get money for the claim and you get to keep your car. The price for the car will be way lower at the totaled price than what you will receive in the claim.
Yes. You can remove the vehicle from the policy as of the day after the accident. You'll want to be sure that you also, either cancel or transfer the registration on the car as to not avoid any problems with the state DMV.
Have your insurance agent transfer the insurance from the old car to the new car. You will then have no loss of coverage and will be able to get credit for the "1 year no claims" at the appropriate time.
I Think You Can Cancel Your insurance....idk That's Just My Guess..
Cancel your policy.
When you plan to sell your car you should notify your insurance company of the pending sale. It will provide you with instructions on how to transfer title properly, surrender the plates and cancel the insurance if you aren't transferring the coverage to a new car. Generally, the insurance company won't cancel the insurance until the plates are turned in or transferred to another vehicle through the RMV. That means the company will continue to bill you until the transaction is properly completed.If the insurance was paid for and the policy is cancelled during the coverage year the company will issue a refund based on their own calculations.
When a car has been repossessed the person paying the insurance should cancel it.
It would make no difference as long as they had coverage on the date and time of the accident. They can cancel the policy after the accident and coverage would still be provided.
yes