Is it possible to switch to liability insurance while in bankruptcy? I’m currently going through bankruptcy and have surrendered my car. I currently have full coverage, but since I’m not driving the car until it gets picked up, I’m wondering if I can downgrade to liability insurance. This change would help me save a significant amount of money. Thank you!
Can you liability insurance during bankruptcy?
Yes, you can generally switch your car insurance from full coverage to liability insurance while you are in the middle of bankruptcy, especially if you are no longer driving the car and it will be surrendered soon. Reducing your coverage can help you save money during this time. Just make sure to inform your insurance company about the change and confirm that you are complying with any state requirements regarding insurance coverage for vehicles. Additionally, check with your bankruptcy attorney to ensure that this change aligns with your overall bankruptcy strategy.