Auto Insurance Specialist » Policy Period http://www.myfreeautoinsurance.com Need an auto insurance specialist to help you? Tue, 14 Jun 2011 17:54:10 +0000 en hourly 1 http://wordpress.org/?v=3.1.3 My Car Has Been Totaled When To Cancel Auto Insurance Policy http://www.myfreeautoinsurance.com/my-car-has-been-totaled-when-to-cancel-auto-insurance-policy.html http://www.myfreeautoinsurance.com/my-car-has-been-totaled-when-to-cancel-auto-insurance-policy.html#comments Fri, 19 Sep 2008 15:06:34 +0000 carinsurance http://www.myfreeautoinsurance.com/auto-insurance-company-roanoke-virginia-va.html Reader’s Question:

I want to know how soon after a car is ‘totaled’ do I have to wait to cancel the insurance policy in Roanoke, Virginia? Should I have to wait for all payments (auto value and medical) to be made before I cancel? And am I entitled to a refund for the unused portion of the policy period?

Carmen

Roanoke, VA

If your vehicle gets ‘totaled’ in a car accident, and it is the only car on the policy, you do not have to wait to cancel your policy. If you choose to cancel the policy, because you are not getting another car to replace it on your policy, you will want to have a cancellation date for the day after the accident.

Your car insurance company will request proof that your vehicle was indeed ‘totaled’ in an accident and the date the accident took place if the other party’s car insurance company is going to pay you for the car accident, to backdate your cancellation date to the day after your accident. Most insurance companies in Roanoke, VA impose a ten percent surcharge to your return premium when you cancel a policy, this is somewhat called a ‘short rate’ cancellation. I do not know if that surcharge will apply in this type of situation. You will need to speak to your insurance company or otherwise, you will be refunded any money that is rightfully yours.

]]> http://www.myfreeautoinsurance.com/my-car-has-been-totaled-when-to-cancel-auto-insurance-policy.html/feed 0 Why Would My Auto Insurance Company Cancel My Policy? http://www.myfreeautoinsurance.com/why-would-my-auto-insurance-cancel-my-policy.html http://www.myfreeautoinsurance.com/why-would-my-auto-insurance-cancel-my-policy.html#comments Fri, 12 Sep 2008 11:55:12 +0000 author http://www.myfreeautoinsurance.com/auto-insurance-cancellation-cheyenne-wyoming-wy.html Reader’s Question:

What are the reason why auto insurance company cancels your insurance in Cheyenne, Wyoming?

Bill

Cheyenne, WY

The insurance company in Cheyenne, Wyoming may cancel your car insurance for any reason within the first sixty days of car insurance coverage. Once your car insurance policy has been in effect for more than sixty days, it can only be canceled for:

  • Nonpayment of auto insurance premium.
  • motor vehicle registration or The driver’s license of any one driver residing in the policyholder’s household or who customarily drives a car insured under the insurance policy has been under suspension or revocation during the car insurance policy period. The insurance company may cancel coverage only to that operator by issuing an endorsement to the insurance policy excluding coverage to that operator. Refusal of such restrictive endorsement by said insured shall constitute grounds for termination of the policy.
  • Fraud on the part of the policyholder in filling out the application.

 

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