Vehicle Insurance Policy Chesapeake, Virginia VA
Reader’s Question:
When do I cancel my car insurance policy after my car has been totaled. Do I wait for the the payments for the car to be made before I drop my car insurance policy in Chesapeake Virginia? Do I also get a refund for the unused payment my car insurance policy period?
Jackson
Chesapeake, VA
If your car gets totaled in an accident, and that is the only car on the car insurance policy in Chesapeake Virginia, you no longer have to wait to cancel your car insurance policy. If you want to cancel your car insurance policy, because you are not going to have another car to replace it on your car insurance policy, you may want it to have a cancel it for the day after the accident.
So, if the other driver’s car insurance carrier will pay for the accident, your insurance carrier will request proof that your car was totaled in an accident and the date the accident occurred. Most insurance providers impose a 10% surcharge to your return car insurance premium when you cancel your car insurance policy. I am not sure if that surcharge will apply in this case so you will need to talk to your insurance carrier otherwise, you will be refunded by what is rightfully yours.
Tags: auto insurance
