I have a car, paid off, I don’t need to drive for a while (6-12 months). Can I remove the vehicle from my policy, or do I need to file Planned Non Operation (PNO) with the DMV?
Thanks in advance!
Don’t see why you couldn’t just remove it and add it back in when it’s time to get new Reggie.
I suppose I could have phrased the question better. Can I simply remove a vehicle from my policy without filing the PNO?
Probably depends on the state. In California, if you drop your insurance, your registration will be suspended. Further, ca DMV won’t send a registration renewal notice during this suspension, but they will happily charge you late fees and then try to take you to collections if you don’t pay the late fees that you didn’t know about because they didn’t send the renewal.
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If keeping the vehicle, let your company know they may be able to accommodate you with something for a stored vehicle. Do not let your policy lapse, and make sure you have continuous coverage. If you do not keep coverage you’ll be looked as a person with no prior when it comes due which will lead to higher premiums later.
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Also keep in mind on most homeowners/renters policies vehicles are specifically excluded as personal property. If that vehicle has any value you might want to consider at least keeping comprehensive coverage only on it. That will protect you if anything crazy happens to it think: hail, fire, flooding, earthquake, theft, etc.
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My brother dropped all insurance on his '08 335xi. Car was stored in detached garage on his property. Car started on fire somewhere under the hood. The motor was a pile of aluminum on the floor. The tires were gone, sitting on rims. Car was total loss.
His homeowner’s policy is paying for all damage to his garage, including everything in it. The car was a total loss. Car only had about 70K miles on it.
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