can my policy be changed from full coverage to liability without my consent
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UPDATED: Mar 23, 2016
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Insurance Question from Raeford, NC
Asked on 03/23/2016
can my policy be changed from full coverage to liability without my consent I purchased a car with a loan and had to have full coverage to do so. My agent informs me that my coverage was dropped to liability for failure to sign a consent form mailed out after my purchase can they do this
Answer given on March 28, 2016
Each state has its own rules and regulations in reference to car insurance. If your insurance company is requiring a consent form in order to continue the full coverage insurance on your car, ask the agent to send a new form, or go by their office to get the form and complete it. The agent should have contacted you in the first place to tell you to expect the form and to return it promptly. They also should have called you when they knew the coverage was going to be removed from your policy. You should have received a notice from the insurance company that they were preparing to drop the coverage. However, the insurance company should be willing to reinstate the full coverage option on your policy when they get the form. If the bank learns there is no physical damage coverage on your car, they can place coverage to maintain the proper insurance. They can charge you for the cost of this insurance until you obtain your own insurance through your policy.
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