Okay....I have a truck that is getting reposessed, long story....well another story anyhow. I chose to cancel the insurance because i bought another vehicle prior to the loan company for the truck taking it. In fact I have wanted them to take it for 2 months, it is still in my yard. Cancelled the full coverage approx 2-3 wks ago. Sunday nite my 14 yr old and his friend decided while i was not home to start it up and drive it around my property. Well they wrecked it into my barn and smashed it up(front end , windshield , side window , mirror , headlight) My question is: Since I still have possession of the truck and it is in my name is there a grace period for insurance? If so will it jeopardise my insurance coverage, i have a good record. BTW I called the police because it took him 24 hr to admit it was them ,I initially thought someone tried to steal it or the repo men wrecked it. So I have a police report proving I did not intentially damage the truck in case the loan company claims
2006-11-14
02:55:49
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10 answers
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asked by
debra_har
4
in
Insurance & Registration