by Guest » Tue Aug 31, 2010 09:04 am
Hi, this is Jim from CA, and I'm about to buy my friend's used car. I'd use for a single month beyond which I'll get it parked for winter at (my parents' home). I've been shopping since the last week but have only managed to come across insurers who provide coverage for 6 months. Do I find coverage for a shorter term (say..a month)? Would it be beneficial for me to go that way?
Posted: Tue Aug 31, 2010 09:32 am Post Subject:
You'd be able to cancel the policy at any time. If the vehicle is going to remained registered then the state will probably require insurance remain on the vehicle. Most of the time the insurance company is required to report a terminated policy to the state. If the state sees that the vehicle is still registered then nasty things can happen.
Posted: Tue Aug 31, 2010 11:34 am Post Subject: Short term insurance
There are auto insurance companies that provide you with short term insurance. Offers different time periods to choose according to your needs that is a useful feature. You can avail the short term auto insurance for one day to 11 months. This means you can have the policy for exactly the duration for which you use the vehicle. You can request a free quote and know about short term insurance on :
http://www.assureinsure.com/article-short-term-auto-insurance-173.aspx
Posted: Tue Aug 31, 2010 11:34 pm Post Subject:
Well, with the exception of the opening statement on the website, following the link above provides a lot of useless information in the first paragraph on that website:
The most important thing to understand about short term auto insurance is that it is not a substitute for the regular annual auto insurance as it serves the purpose of short term use only. The short term auto insurance can be useful when you are on holiday providing you with the temporary coverage. Short term auto insurance is also helpful when you need to drive somebody else’s car or when you plan to add a new driver to your vehicle’s policy. When you travel frequently and leave your state often, you can avoid taking risk by having appropriate auto insurance coverage.
The business about driving someone else's car only applies if neither you nor they carry auto insurance. The business about adding a new car to you existing auto policy is meaningless, since all auto policies make provision for adding a new vehicle, and you don't need temporary coverage from anyone else.
If you could get insurance for one day, I'm guessing it will not be significantly less than coverage for an entire year. So what's the point?
Posted: Wed Sep 01, 2010 05:17 am Post Subject: general
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Posted: Wed Sep 01, 2010 09:46 am Post Subject:
I'd thank all of you for your replies..
If the state sees that the vehicle is still registered then nasty things can happen.
Hey tcope, can you illustrate a bit more on what you consider as 'nasty'?
Posted: Thu Sep 02, 2010 07:29 am Post Subject:
By nasty things he means that You have to get registration get over on that particular vehicle that you have insured for the short period of time. If you dont may be there are chances that according to the law that vehicle is still insured and you have to pay the insurance regularly.
http://www.assureinsure.com
Posted: Thu Sep 02, 2010 03:41 pm Post Subject:
By nasty things he means that You have to get registration get over on that particular vehicle that you have insured for the short period of time. If you dont may be there are chances that according to the law that vehicle is still insured and you have to pay the insurance regularly.
I seriously doubt this is what tcope had in mind.
By "nasty things can happen", tcope was probably referring to having one's driver license suspended for not having insurance on a vehicle not registered under a "non-operating permit".
It can be an automatic event in many states that now require electronic reporting of auto insurance lapses to the DMV.
Posted: Fri Sep 03, 2010 11:28 am Post Subject:
I've heard about the electronic reporting being done in some states. But what's this 'non-operating permit'?
Posted: Fri Sep 03, 2010 09:18 pm Post Subject:
In California (probably other states also), instead of paying the full freight for vehicle registration for one that is not being used (and to avoid late payment penalties), one may pay about $15 for the NOP. The vehicle must be off the surface streets, and a special permit must be obtained from the DMV before operating the vehicle temporarily (such as to take it to a mechanic for repairs or a smog test) without having to pay the full registration fee. The NOP must be renewed annually or full registration fees must be paid.
Operating a non-registered vehicle on the public roads can result in having the vehicle impounded on the spot if stopped by a law enforcement officer.
Posted: Sat Sep 04, 2010 12:48 pm Post Subject:
I don't see any long term benefits with this one...but yeah, I too had one when we were out on a holiday. It also offered the needed peace of mind when we were moving with furniture.
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