I live in Massachusetts, and I recently purchased a car from a private party, on Wed. August Second. I got insured the same day, basic coverage, and put down a deposit of about $450 but now my car is having problems and I would like to return it for a refund, Will my insurance company give me back my deposit
2007-08-05 09:02:47 · 4 answers · asked by Alex Delarge 1 in Cars & Transportation ➔ Insurance & Registration
If you cancel insurance coverage, you should get a refund for the unused portion of the policy! You will not get all the money back, because you were covered for a period of time, and you have to pay for that coverage!
If you bought a car from a private party, that sale is assumed to be as is where is, unless the seller gave you a written warranty. I do not think you are going to be able to return the car. The seller is under no obligation to take it back! Most likely you now own a car, and will have to pay to hav the problems repaired (or sell the car) yourself!
2007-08-05 09:12:30 · answer #1 · answered by fire4511 7 · 2⤊ 0⤋
If the private party allows you to return the car (not likely since you probably bought it with the standard used car contract, as is and where is) you can cancel your insurance and get a refund of the unused portion of it. No, you will not get back your entire $450, they did cover you for the days you had the vehicle.
2007-08-05 09:08:16 · answer #2 · answered by oklatom 7 · 2⤊ 0⤋
It is up to the insurance co. I don't won't rain on your parade but it is doubtful but you can try. good luck hope this helps.
2007-08-05 09:09:48 · answer #3 · answered by JT B ford man 6 · 0⤊ 2⤋
Most of it, yes.
2007-08-05 11:15:22 · answer #4 · answered by Anonymous · 1⤊ 0⤋