Removing a vehicle from an insurance policy after an accident?
I’m currently covered under my parents’ car insurance, but my car (which is registered in my name) was totaled in an accident where I wasn’t at fault. If I take the vehicle off the policy and remain listed as an insured driver, will that create a coverage lapse? I’m planning to move out soon and get my own policy when I buy a new car. Would this move have any implications?
Dropping vehicle from policy after car accident?
Removing your totaled vehicle from your parents’ insurance policy shouldn’t be considered a lapse in coverage, especially since your car is no longer operational. As long as you remain listed as an insured driver on the policy, you should still have coverage while you transition to your own policy.
However, it’s essential to communicate with your parents’ insurance provider to clarify the specifics of your situation. They can confirm how removing the vehicle might affect the policy and ensure you maintain adequate coverage until you get a new vehicle and your own insurance.
When you move out and get a new car, getting your own policy is a good plan. Just make sure to coordinate the timing of these changes to avoid any gaps in coverage.