Question

 What will happen to your current insurance policy if you transfer from a newer vehicle with full coverage to an older vehicle with basic coverage?

Answer The cost of the monthly permiums should go DOWN, as the cost of replacement of the car, or repairs to it will be less expensive.Check with the insurance agent.
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Top Q&A For: What will happen to your current insurance poli...

If you cancel full coverage on a financed vehicle and transfer it as a gift will the new owner be required to get full coverage on the car?

%DETAILS% Answer You cannot transfer the title while the lender has a lien on it and they will NOT release the lien until the loan is paid off. They will also NOT allow any names on the title that... Read More »
http://wiki.answers.com/Q/If_you_cancel_full_coverage_on_a_financed_vehicle_and_transfe...

In the state of Texas can the lender repo your vehicle if your auto insurance lasped for 4 months you was told you had to pay full insurance coverage or vehicle will be repoed can they?

Answer Yes they can repo if they catch the insurance lapse. Most financed vehicles have a Full Coverage clause that you signed and agreed to when you contracted to finance the vehicle.
http://wiki.answers.com/Q/In_the_state_of_Texas_can_the_lender_repo_your_vehicle_if_you...

Will GAP insurance cover the full amount of a vehicle if the insurance coverage on a vehicle has lapsed and it is totaled?

GAP NO.  GAP covers the GAP left (if any) of what someone owes and the current market value of the vehicle should the loan balance exceed market value.  In other words, you owe $16,000 on a vehic... Read More »
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If someone has full coverage on their vehicle is anyone who drives it covered under his insurance?

Answer Full coverage or not the answer is usually yes unless that person is specifically exclued by name from that policy. The person has to have permission or implied permission to be using the v... Read More »
http://wiki.answers.com/Q/If_someone_has_full_coverage_on_their_vehicle_is_anyone_who_d...


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