I RETIRED NOW ....AMI ENTITLED TO A REDUCTION IN MY PREMIUM SINCE I NO LONGER USE MY VAN TO DRIVE TO AND FROM WORK?
Total Comments: 3
Posted: Mon Mar 30, 2009 10:10 am Post Subject:
You might have to contact the insurer and ask the same question. However, if you still continue driving the van, it wouldn't change the rates much. How old is the vehicle? Do you still have lien on it? I'd say discuss the issue with the agent. You may also shop around to check if you can get better rates.
Thanks,
Rupert
Posted: Mon Apr 06, 2009 10:35 am Post Subject:
i suggest that that drop the existing policy and take a new policy which is specially for retired citizens....this will give u much better benefits.....but if u want to keep the existing policy then ask ur agent to update ur policy rate at the time of renewals....u will surely get some discounts as you r not earning now
Posted: Tue Apr 07, 2009 09:03 pm Post Subject:
Flanana58,
The only thing you can do is ask your agent. Each company uses its own rating plans and discounts, so there is no universal answer.
My company DOES offer discounts, both for being retired, and for driving the vehicle less. Not every company does the same, however.
I respectfully disagree with Super Agent, however. There is no need to cancel your policy. If you do not like your coverages, then just update your current policy's coverage selections. A good policy with a good company will cover you just as well whether you are retired or working.
Posted: Mon Mar 30, 2009 10:10 am Post Subject:
You might have to contact the insurer and ask the same question. However, if you still continue driving the van, it wouldn't change the rates much. How old is the vehicle? Do you still have lien on it? I'd say discuss the issue with the agent. You may also shop around to check if you can get better rates.
Thanks,
Rupert
Posted: Mon Apr 06, 2009 10:35 am Post Subject:
i suggest that that drop the existing policy and take a new policy which is specially for retired citizens....this will give u much better benefits.....but if u want to keep the existing policy then ask ur agent to update ur policy rate at the time of renewals....u will surely get some discounts as you r not earning now
Posted: Tue Apr 07, 2009 09:03 pm Post Subject:
Flanana58,
The only thing you can do is ask your agent. Each company uses its own rating plans and discounts, so there is no universal answer.
My company DOES offer discounts, both for being retired, and for driving the vehicle less. Not every company does the same, however.
I respectfully disagree with Super Agent, however. There is no need to cancel your policy. If you do not like your coverages, then just update your current policy's coverage selections. A good policy with a good company will cover you just as well whether you are retired or working.
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