Considering removing my totaled vehicle from my parents’ car insurance policy. I’m currently listed on their policy, and my car (which is registered in my name) was totaled in an accident where I wasn’t at fault. If I remove my vehicle but remain an insured driver, would that create a lapse in coverage? I’m planning to move out soon and will get my own policy once I acquire a new vehicle. Will this decision affect anything?
Dropping vehicle from policy after car accident?
It’s great that you’re being proactive about your insurance situation! Removing a totaled vehicle from your parents’ policy won’t create a lapse in coverage for you as an insured driver. Since the car is already considered a total loss and is not in use, it makes sense to remove it from the policy.
However, it’s important to communicate with your parents’ insurance provider to ensure that you’re following their guidelines. Let them know what you’re planning and confirm that your coverage as a driver remains valid even after removing the vehicle.
When you move out and get your own policy, having been covered as a driver on your parents’ policy can help you with establishing a good driving record. Just be sure to shop around to find the best rates and coverage for your new vehicle. If you have any more questions about insurance or need clarification, feel free to ask!