While we’re not in the business of cancelling insurance but selling it, this is still a question we’re presented with from time to time.
Due to the fact that the State of Florida requires you to carry a minimum of Personal Injury Protection & Property damage liability on your auto insurance if you have valid registration and license plate tags on your car, you must have a policy in place while these items are in your possession or on your automobile.
If you purchased a new auto insurance policy for your existing automobile, you can submit a written request to cancel your previous policy along with a “Declaration Page” to your new insurance policy. This document, a “Declaration Page” proves proof to the prior insurance carrier that you have the minimum allowable coverage in the state of Florida, at least, and therefore releases their responsibility for your liability if an accident or incident were to occur.
While some insurers in Florida may allow you to cancel over the phone, it’s in everyone’s best interest (yours and the company offering coverage) that you request this cancellation in writing so that you have a paper trail to back up your inquiry. Many companies won’t allow you to cancel your coverage by phone or via text message and will require your signature on the document requesting cancellation.
If North Broward Insurance Solutions handles your auto insurance coverage and you’re looking to cancel your auto insurance policy, you can submit a written request to cancel along with a new Auto Insurance Declaration Page (Verification of Insurance or a Binder will not be accepted by the agency) to our fax at 888-480-8730 or via email to NorthBrowardInsurance@gmail.com.
If this is the circumstance, that you sold your vehicle, in addition to signing the Florida title for the car over to the new owner, you should also fill out an HSMV Form 82050, found here, for you and the new buyer. Later this week, I’ll provide some information on how to protect yourself from liability while buying or selling an automobile in The State of Florida.
Make sure you don’t provide the new owner with the plate or the registration from your car as you’ll need to surrender your license plate to the state of Florida. Once your Florida plate and Registration are surrendered back to the State, you’ll be able to submit the receipt of surrender along with a written cancellation request to your auto insurance company or car insurance broker who can then move forward with cancelling your auto insurance coverage.
If you totaled your vehicle and no longer require coverage, it’s safe to assume that you’ve been in contact with an auto insurance adjuster assigned by your car insurance company. Most likely, this adjuster walked you through all of your coverages and advised you on how much the insurance company will provide to replace your vehicle if you had full coverage on your Florida Automobile.
When your car is determined to be a total loss in an accident, you’ll need to ask the adjuster to put this information in writing. The correspondence should be listed on a company letterhead indicating the date of the loss and the determination, along with any payout that was made by the insurer if you had physical damage coverage on the vehicle.
You’ll then submit this correspondence from the Claims Department, along with a written request to cancel your auto insurance coverage, to the Underwriting department of the insurance company or to your insurance agent or broker. At the point that the correspondence and request to cancel are submitted, your auto insurance should be cancelled back to the date of the total loss, provided you don’t have any more vehicles on your policy. You will be required to surrender the registration and license plate for your automobile in order to completely cancel your auto insurance policy. If the plate was still on the car when it was towed to a salvage yard, it’s advised to retrieve this plate as soon as possible after an accident, typically when you go to pick up your personal effects from the salvage yard that were in your vehicle.
If North Broward Insurance Solutions handles the sale and administration of your auto insurance and you experience a total loss, please send cancellation correspondence to our office via fax at 888-480-8730 or via email to NorthBrowardInsurance@gmail.com. You’re also welcome to call North Broward Insurance Solutions at 954-368-0060 to inform us of any loss and retrieve the proper claim phone number to call to report the claim directly to your insurance company.
Not only is it our goal to help you find the most affordable auto insurance coverage, but we also want to make sure you understand the coverage that you carry. Dealing with insurance companies on your own can be a tedious task.
Contact myself, Alexandra Horblitt, or Kristy Nguyen in our office today at 954-368-0060 in order to help you handle all of your insurance needs, issues, and even complaints. North Broward Insurance Solutions offers competitive property & casualty insurance products to businesses and individuals all over the State of Florida. Whether you’re in Broward, Brevard, Lake County, Marion County or beyond–we’ll make your insurance process simple and seamless!