The car insurance business is a very big market, and the enormous number of insurance companies may intimidate any insurance shopper. Of course, the very multiplicity of these options will also be a very good plus point for it means more opportunity to get cheap insurance options. The problem, however, that almost every car insurance holder has is regarding the switching between the insurance options and, in many cases, the car insurance companies.
Switching car insurance policies is perfectly legal, so you do not need to give a stress for this matter. Nonetheless, switching between an auto insurance company to another is not a tit-for-tat process—you will need to follow certain rules and tips in order to ensure that the whole switching process is smooth and complete.
When you plan to switch plans, you need to first to enter into another plan first. This of course means that the two plans may incidentally overlap, making the coverage fees rather redundant. Do not regret this, for it is very important to ensure that you will not have an insurance lapse. For most instances, most states in the US do not allow motorist to have lapses in their insurance. Driving without resolving this issue first can lead a motorist to pay certain fines or to spend time in jail. Moreover, anyone who drives without insurance will be risk to his/her fellow motorist, notwithstanding the fact that anyone who has no insurance puts his/her own life in financial jeopardy. Hence, settle a contract with the new auto insurance company that you chose before moving in to the highways.
After settling you new contract, you may now safely cancel your old contract. To make certain cancelling transaction, contact your old insurance company and ask them about the particulars of the cancelling process. Do not get intimidated because insurance companies often require only a few papers and proofs that you need to cancel your contract. For instance, you can show them that your car had just been bought and all you need to do is to present them you proof that you sold your car. Constantly contact your old insurance company to make sure that your deals with them are completely terminated. This is to ensure that you will not be paying for certain deals that you wished to be terminated.
Do not hesitate to share the information regarding your new insurance carrier to your old company. Aside from archiving reasons, you can also cite the information for future use, in case of dilemmas in contracts. Always put your pertinent files in safe locations in the house. Finally, get the necessary documents from both your old and new auto insurance companies that will prove your shifting. A lapse in this procedure can lead you to pay for certain services that you may not be conscious of.
All in all, always be careful in shifting contracts and remember to play safe.
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