Buying insurence

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Jan 30, 2010 | 08:24 PM

1993ES300x

Thread Starter

Lexus Champion

Joined: Feb 2005

Posts: 1,685

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From: ny

Buying insurence

Hi guys. Need some help here. Due to some financial issue I wasn't able to have my car insured so I took the registration off since 9/2009 and been sitting on the drive way. Now I'm finally getting back on my feet. I would like to know there's any insurance company that would cover the months that it wasn't on the road. Reason I asked is becuase the car is being financed by the bank.

Jan 30, 2010 | 08:40 PM

darkdream

Lexus Champion

Joined: Apr 2008

Posts: 2,368

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From: Socal

Wouldn't that be illegal to do?

Jan 31, 2010 | 12:19 PM

05EX

Pole Position

Joined: Dec 2005

Posts: 358

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From: FL

Um no, thats not going to work, no insurance company is going to do that.

Jan 31, 2010 | 02:33 PM

Och

Lexus Champion

iTrader: (3)

Joined: Feb 2003

Posts: 16,906

Likes: 203

From: NY

Not only that, now your insurance will be higher because of the so called "insurance lapse". They will be looking at you as someone who insures for the fist time, ignoring your previous insurance record, and your rate will be higher.

Jan 31, 2010 | 04:09 PM

Lexmex

CL Community Team

Joined: Apr 2004

Posts: 17,329

Likes: 210

From: Miami, Florida

Reason why no insurance company would do that is because they don't know what occurred with the car during that lapse. There are some scenarios under what you described that have the potential to be fraudulent.