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Auto Insurance Claims/multiple policies

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Expert: - 10/12/2010


Question
Im moving out of state in 2 months and my current insurer does not cover that state.  I would like to start a new policy now before I move while my credit score is still decent as I know its going to be taking a hit in next few months and I know most insurers use credit score to decide your insurance premiums.  Are there any laws against having 2 policies at once?  Sort of overlapping each other for 2 months.

Answer
Hi James,

There are no laws against it, however, if there were an accident you could not collect your full claim from both. Each company would only pay 50% of the total claim.

There is no need to boy and pay for 2 policies at once. Your current policy will cover you for 30 days in your new state. That should give you plenty of time to shop for a new company.

I hope this helps
Richard Hixenbaugh

Auto Insurance Claims

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Richard Hixenbaugh

Expertise

Auto insurance claims procedure, auto coverage, liability issues, auto damage questions, how to deal with the insurance company, loss of use and diminished value.

Experience

I have been involved in the insurance industry for over 25 years. I have experience in underwriting, sales, claims adjusting, auto damage estimating, auto value appraising and diminished value appraising. I have testified as an expert witness over 35 times.

Organizations
Society of Certified Auto Appraisers

Education/Credentials
Completed all required courses for the Florida Property-Casualty agents license and the Florida claims adjusters license. I have attended various courses on auto damage estmating, vehicle appraising and am ASE certified in collision damage analysis.

Past/Present Clients
My company has done work for consumers nationwide.

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