Insurance Gap/ Non Continous Insurance

[iiinycboi]

so is this like a nationwide(not the company lol) thing? Whats up with having a gap or pause of car insurance.

people get penalized here all the time. they had insurance for more than 10 years, then sell the car and buys a new one 3 months later and they now dont qualify for standard car insurance?

that's sooo crumby...

 

[BlockO]

I agree. Ugly answer I guess is that they feel that someone who goes without a car for three months.... they don't want to insure.

Have you tried talking to an underwriter? Maybe with a bill of sale and proof of prior, they might cut some slack?

 

[iiinycboi]

yup, they all say they do not qualify for our rates.

it's either decline case, or high premium for non continuous coverage.

people are starting to ask me how to buy car insurance when they dont have a car, to keep their premiums low for when they DO buy the car.

i have no idea how they do this, but the statefarm guy charges 40 bucks to keep your insurance active, even if you don't have car, so you dont get the surcharge.

 

[BlockO]

people are starting to ask me how to buy car insurance when they dont have a car....... I have no idea how they do this, but the statefarm guy charges 40 bucks to keep your insurance active, even if you don't have car, so you dont get the surcharge.

Very simple solution here: Named operator policy. Most non-standards offer that. Do you have Dairyland/Viking? they even offer 30-60-90 day policies that works great for just that.

 

[Guest]

Very simple solution here: Named operator policy. Most non-standards offer that. Do you have Dairyland/Viking? they even offer 30-60-90 day policies that works great for just that.

Also called non-owner policy.........

 

[BlockO]

Something I just thought of.... Do all carriers accept named operator (or non-owner) policies as proof of prior coverage?

In Ohio, there is an alternate to a named operator policy called a financial responsibility bond. They're much more common in Ohio than NO policies (especially with the SR22 drivers), but most carriers DO NOT accept the bond as having prior coverage.

I'm wondering if that's also an issue with named operator policies (esp. with some of the preferred carriers)?

 

[benk622]

I've always had success with named operator or non-owner policies as ok proof of priors.

Also preferred carriers will write them too but you might have to submit rather than online rate. I know Travelers does in Ohio.

 

[djs]

I have no idea what you guys are talking about..... You mean you get a discount if you live outside of CA and have had prior insurance? Wow! That would be awesome.

Here, the guy just buying insurance pays the same rate as the person who has had insurance, with the possible exception of a carrier loyalty discount.

Okay, now that I'm over my shock about the prior coverage discount, just a reminder (from my out of state work) that some carriers CARE who the prior carrier was, as well as care that there is prior insurance. Some of those non-owned policies may not get you the best of all rates.

Dan

 

[BlockO]

I have no idea what you guys are talking about..... You mean you get a discount if you live outside of CA and have had prior insurance? Wow! That would be awesome.

Technically speaking: Yes ("prior coverage discount" shows up on the dec page. In reality: No. The base price is jacked up to what it would be if there wasn't prior coverage, and then when prior coverage applies, they lower it back down to make it look like a discount.

It's all about marketing language.... Saying "if you have prior coverage, you get a discount" sounds much more attractive than "if you do not have prior coverage, we're going to charge you extra".

 

[iiinycboi]

what blocko said....

over here, if you do not have prior insurance, 90% of the companies wont take you and only the sub standard will.

substandard starts at like 1400/6months and while standard if you HAD prior coverage you would be paying 4-500/6months. (i think the gap starts at day 31)

doesnt matter what history or prior you had if you had the gap. i think thats BS.

i know they all enforcing the 1 year now, and i had some carriers tell me 3 terms! with proof of prior coverage. it sucks too but cause i gotta call their previous agent to get their dec pages, and they call back the client!