Frequently Asked Questions
Q I cancelled my auto policy because I didn't have a vehicle, now I have a new car. Can't I just reinstate my policy?
Auto Insurance
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A No. If you will be without a vehicle for awhile, it is often better to change your current policy to named, non-owner rather than cancel it.
When you cancel the policy, you will lose the proof of prior insurance credit and any renewal credits you have built up.
If you are required to file an SR22, you will start the required 3 years all over again.
You will also re required to pay a down payment again, which is often more up front than just continuing with the monthly payments of an established policy.
If you have an accident driving someone else's car, it could be very important that you had a policy of your own.
Q Can I wait to pay my bill?
A Sometimes.
It is important to pay attention to the date on your bill. Most companies have a grace period of a few days to a week after the regular due date to account for mail delay.
If you have gotten off schedule due to a late payment, the date on the pending cancellation notice/bill has a time element as well. When the date says 3/31/04, it also says 12:01 A.M. This means at midnight, the day before, the policy will be cancelled. It is possible discounts will be lost or the company will not rewrite the policy.
Many companies have a toll-free number on the bill to call if you have billing question. Please be careful and don't wait too long.
Q Can't I just add my snowmobile to my homeowners policy?
A Several companies allow you to add your snowmobile to you homeowners policy. Coverage is limited to liability coverage (often only if used on your property and not including uninsured motorist coverage). Sometimes physical damage coverage can be added, but not generally. Homeowners policies often have restrictions on the more powerful snowmobiles. In most cases we feel that your needs are better met with a stand alone snowmobile policy that can be tailored to your specifications. Please give us a call to see what we can do for you!
The articles here are for general purposes only. Remember that only the actual insurance policy can give specific terms, coverage amounts, conditions and exclusions.
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