"nFamousCJ - Keeper of Stringbean, Gengars and a Deezul" (nfamouscj)
01/31/2015 at 12:51 • Filed to: None
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"nFamousCJ - Keeper of Stringbean, Gengars and a Deezul" (nfamouscj)
01/31/2015 at 12:51 • Filed to: None | 0
| 5 |
Quick ? on recommendations. So I'm going to put the Sebring up on Craigslist to try and get something out of it. Question is when you sold your cars did you keep insurance on it or did you strip it completely? It may be a month or two before I sell it so I'd rather save the money but don't know if I can remove the insurance altogether while it's being sold. So what did you do?
Textured Soy Protein
> nFamousCJ - Keeper of Stringbean, Gengars and a Deezul
01/31/2015 at 12:55 |
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Not quite the same thing, but I called my insurance when I stored my 135is for the winter and it's significantly cheaper. There's still basic coverage on it on the off chance something happens to it in the locked storage unit. Like if the roof caved in or something.
Might as well just call your insurance company, explain the situation (i.e. you're trying to sell it, not actively drive it) and see what they recommend.
Desu-San-Desu
> nFamousCJ - Keeper of Stringbean, Gengars and a Deezul
01/31/2015 at 12:56 |
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If you're not going to be driving it and it's just going to sit in one place, I'd take the insurance off and turn in the tag. However, if you still want to drive it, keep the insurance.
As for stripping the insurance down to bare minimum, like liability-only, that would probably be best if you want to let prospective buyers test-drive it, then cancel it entirely once they've bought the car.
AMGtech - now with more recalls!
> nFamousCJ - Keeper of Stringbean, Gengars and a Deezul
01/31/2015 at 12:56 |
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I usually keep driving my cars until they sell, so I always just keep insurance on them.
Tina Corbett
> Desu-San-Desu
01/31/2015 at 12:58 |
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I don't know about having liability only when letting strangers drive my cars. I'd personally keep the insurance till the car is signed over.
TopSirloin
> nFamousCJ - Keeper of Stringbean, Gengars and a Deezul
01/31/2015 at 13:02 |
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Are you planning on replacing the car once it's sold? You can transfer your policy to the new vehicle and you avoid lapses in coverage. Lapses in coverage - Higher rates. If you don't plan on replacing the vehicle anytime soon, let your insurance agent know you've sold the vehicle and need to cancel your policy in which case you should be able to get a pro-rated refund for whatever portion of the insurance paid is unused.