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05-16-2008, 10:15 AM
| | Junior Member | | Join Date: May 2008
Posts: 1
| | | Can I legally insure a car I never bought yet?
What is the name of your state? new York
So, I was going to get a car from the car dealer, but the deal fell through. The dealer had made me sign a insurance application while filling out car application and took $555 towards deposit for car insurance. Now, i call insurance company for refund, and they are saying that I have been insuring the car since 10-15 days. i never received any paper showing premiums, coverage, binder, ID cards, anything..what are my options? what is the law? Did I get suckered here?
what is the insurance agent supposed to provide me while application signing? I only signed two documents to the effect, one was saying assigned risk, and one for car to be insepected in 5 days. And I had faxed my drivers license too. Thats all, I never received any other information. |
05-16-2008, 10:26 AM
| | Senior Member | | Join Date: Jun 2000 Location: Somnambulist University
Posts: 39,534
| | Quote:
Originally Posted by rlegal  what are my options? | Pretty simple... Accept their prorated refund. Pretty simple.... pay for what you got. Nope. Quote: |
what is the insurance agent supposed to provide me while application signing?
| Nothing... though he could offer you a pen and/or a calendar from his firm. The only 'thing' you get AFTER you sign is a statement that you are insured. Quote: |
I only signed two documents to the effect, one was saying assigned risk, and one for car to be insepected in 5 days. And I had faxed my drivers license too. Thats all, I never received any other information.
| Yes, you did. You were told that you had insurance. When the deal fell through, it was up to YOU to confirm cancellation of that insurance.
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There are at least 17 lawsuits (!!) pending in various courts, including the US Supreme Court, asking if Obama is a natural born citizen (as req'd by Art II, Sec 1 of the US Constitution).
Why has he spent over $1.35M in legal fees to block disclosure... rather than spend $12 for a VALID birth cert to settle the matter? The 'certificate' he has presented doesn't qualify to get a drivers license, wouldn't allow a child to qualify for Little League, or for a real citizen to get a US passport!
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05-16-2008, 05:51 PM
| | Senior Member | | Join Date: Feb 2006 Location: Philadelphia, PA
Posts: 17,799
| | | Actually I do NOT believe you can insure a car that you don't own. There is no "insurable interest" for the company. It definitely sounds shady to me. If they refuse to give you your money back, contact the state department of insurance. |
05-16-2008, 08:22 PM
| | Senior Member | | Join Date: Jun 2000 Location: Somnambulist University
Posts: 39,534
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Originally Posted by ecmst12 Actually I do NOT believe you can insure a car that you don't own. There is no "insurable interest" for the company. It definitely sounds shady to me. If they refuse to give you your money back, contact the state department of insurance. | And of course, that is crap.
I have insured lots of vehicles that I didn't own at the time. All I had to do was call from the dealership, describe the vehicle I was purchasing (not yet purchased, just as in this case) and my agent tells me that I have coverage. I then ask him to immediately send in writing to my fax machine. Now, if the deal then falls apart.... I would have to call the agent and cancel my 'new insurance'.
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There are at least 17 lawsuits (!!) pending in various courts, including the US Supreme Court, asking if Obama is a natural born citizen (as req'd by Art II, Sec 1 of the US Constitution).
Why has he spent over $1.35M in legal fees to block disclosure... rather than spend $12 for a VALID birth cert to settle the matter? The 'certificate' he has presented doesn't qualify to get a drivers license, wouldn't allow a child to qualify for Little League, or for a real citizen to get a US passport!
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05-16-2008, 10:10 PM
| | Senior Member | | Join Date: Feb 2006 Location: Philadelphia, PA
Posts: 17,799
| | | But if you never owned the vehicle, then the policy could not have been in force at any time, and so could not be charged for. There was never any risk for the policyholder or the company - no insurable interest. |
05-16-2008, 11:20 PM
| | Senior Member | | Join Date: Sep 2006 Location: Missouri Ozarks
Posts: 2,924
| | Quote:
Originally Posted by JETX And of course, that is crap.
I have insured lots of vehicles that I didn't own at the time. All I had to do was call from the dealership, describe the vehicle I was purchasing (not yet purchased, just as in this case) and my agent tells me that I have coverage. I then ask him to immediately send in writing to my fax machine. Now, if the deal then falls apart.... I would have to call the agent and cancel my 'new insurance'. | I have to agree with BOTH ecmst and JETX here. I have bought cars without insurance "in hand" as JETX describes but that was under an existing policy. OP should have called and cancelled when the sale didn't go through and not delayed. OP owes for the days and should get a prorated refund. |
05-16-2008, 11:52 PM
| | Senior Member | | Join Date: Jun 2000 Location: Somnambulist University
Posts: 39,534
| | Quote:
Originally Posted by ecmst12 But if you never owned the vehicle, then the policy could not have been in force at any time, and so could not be charged for. There was never any risk for the policyholder or the company - no insurable interest. | But the insurance company didn't know that!!!
Quit assuming facts that are not present. The simple fact is that the 'almost' buyer of a vehicle can (I have) called their agent and confirmed coverage on a vehicle he is buying (even if it is not yet purchased).
And absent notice to the insurance company otherwise, they would be obligated to provide coverage in the event of a loss.
__________________
There are at least 17 lawsuits (!!) pending in various courts, including the US Supreme Court, asking if Obama is a natural born citizen (as req'd by Art II, Sec 1 of the US Constitution).
Why has he spent over $1.35M in legal fees to block disclosure... rather than spend $12 for a VALID birth cert to settle the matter? The 'certificate' he has presented doesn't qualify to get a drivers license, wouldn't allow a child to qualify for Little League, or for a real citizen to get a US passport!
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05-17-2008, 07:59 PM
| | Senior Member | | Join Date: Mar 2006
Posts: 6,673
| | | I agree with ecmst12, if the vehicle was never owned, it was never insured and the entire amount should be refunded.
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When you are a Bear of Very Little Brain, and you Think of Things, you find sometimes that a Thing which seemed very Thingish inside you is quite different when it gets out into the open and has other people looking at it.
--W. T. Pooh (aka A. A. Milne) |
05-17-2008, 08:25 PM
| | Senior Member | | Join Date: Nov 2005 Location: South Cackalacky
Posts: 15,040
| | Quote:
Originally Posted by tranquility I agree with ecmst12, if the vehicle was never owned, it was never insured and the entire amount should be refunded. | Well, everyone is right, but the OP had the responsibility to cancel the policy ASAP. The insurance company will usually require a cancellation request in writing. The dealer would have no problem writing a letter stating that the vehicle was never purchased.
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Originally Posted by arazi Quote: |
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