I need to change my Car insurance Broker.
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UPDATED: Nov 18, 2011
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Insurance Question from Addisleigh Park, NY
Asked on 11/18/2011
I need to change my Car insurance Broker. I have an insurance Broker whom I have been with for the past 4 years. I have been making a $500+ car insurance every 2 months. One month ago I got a letter from the Department of motor vehicle stating that I was several months laps on my insurance. After doing some digging i found out that my Broker was using an Insurance companies name that went out of business about 2 yrs ago. I am not sure how he was able to do this. I need to know how i can get this matter resolved and to remove my affiliations to another insurance company?
Answer given on November 20, 2011
It sounds like your auto insurance broker may have been working illegally, if he is using an insurance company name that is out of business. If this is the case, you should report the incident to the Department of Insurance. Hopefully you have copies of your checks or payments showing that you paid in good faith. This will help absolve you of any penalty for failure to have valid insurance on your car. You should also contact your Department of Motor Vehicles to explain the situation.You now need to find a new agent or broker to obtain valid insurance on your car. You will most likely have to start from scratch, and not expect any money back from your old broker. You can ask the Dept of Insurance for a reference, or talk to friends or neighbors about their insurance provider. You should talk to more than one agent to be sure you feel comfortable with your choice.
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