Cancelled policy co. says they need Declarations page of NEW policy to cancel expired old policy with them.

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Jun 30, 2012

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Insurance Question from Copper Canyon, TX

Asked on 06/30/2012

Cancelled policy co. says they need Declarations page of NEW policy to cancel expired old policy with them. Is there any harm in sending info (specifically the Declarations page) from the company that outbid them to the company that held the higher priced original policy? And why do they need it in the first place? They claim they need it to cancel the expired policy with them, but I suspect otherwise. Original policy was with Farmers. $1.8K per year. New policy, same coverage but new state, is $0.7K per year from a newly acquired subsidiary of Farmers named 21st Century. You can see I had to switch.

Answer given on July 01, 2012

If you are asking your present insurance company to backdate a cancellation since you found less expensive insurance they do have the right to see the replacement policy. If there is no insurance and you have a claim, they would be held responsible for the claim, so they want to be sure there is no gap in your coverage. This is a fairly standard request by insurance companies.When you provide a copy of the new policy, you can black out the premiums of the new policy. All your company is looking for are the dates of the new policy. They should have no problem with the premium being blacked out.You indicate the new policy is in a new state. This could have a great effect on the cost of your insurance. Each state has a different set of rating procedures which can have a big effect on how the rates come out. Make sure the state you are using for your insurance is the state in which you live or use the car.


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