Can you switch to liability insurance while in bankruptcy?
I’m currently navigating bankruptcy and about to surrender my car. I have full coverage, but since I’m not driving it anymore until it’s picked up, I was wondering if I could downgrade to liability insurance. It would really help me save money. Thank you!
It’s generally possible to change your car insurance from full coverage to liability insurance, even if you are in the middle of bankruptcy. Since you are surrendering the car and not driving it, opting for liability coverage can be a more economical choice. However, you should check with your insurance provider to ensure that this change aligns with your policy terms and any applicable state regulations. Additionally, it’s a good idea to consult with your bankruptcy attorney to confirm that your plan allows for this adjustment and to ensure you’re making the best financial decision during your bankruptcy process.