There are times when you will want to transfer your current car insurance policy to another car, but that does not mean it is always an easy task. Generally, Castlewood CO car insurance can be transferred, but you will need to provide some information before your insurer will make the requested changes.

Determine the Reason for Changing the Policy

When you want to make changes to your policy and transfer the coverage, you will need to provide appropriate documentation that proves the reason for the change. You can transfer your insurance when you buy a new car, move to a new address or change your name.

The situation that results in making the change can vary, but you will usually need to provide appropriate proof of the reason before the transfer will go through. Generally, buying a new car and trading in an old vehicle is a common reason to transfer the policy.

Contact the Insurer

After gathering the appropriate documentation and details, contact your insurance provider or an agent to discuss the transfer. The representative of the company or the agent will request that you provide the appropriate documents. You may be able to fax in the details or send a copy through the mail.

Transfers will usually take place after the documentation is received, but you should expect some processing time if you are going through an agent or if you send a copy of the paperwork through the mail. Processing times can vary based on the company and the reason for the change.

Making changes to your auto insurance is not always easy, especially when you want to transfer the policy into a new name or use the same plan for a new car. To learn more about the process, contact us to talk to an agent today.

Centennial, CO requires specific types of minimum car insurance in order to be in legal compliance with the state law. If you have a car registered in this state and you do not hold the appropriate amount of insurance, you may face fines, penalties, points on your license, and even license revocation. It’s difficult to get around the state without a car, especially if you enjoy living in one of the scenic suburbs that Colorado has to offer, so making sure that you adhere to the car insurance requirements of the state helps you avoid any issues down the road.

There are a few aspects to Centennial, CO car insurance. The first concerns the liability coverage. Liability pays another driver for their medical and damage bills that occurred due to an accident you caused. The insurance assumes your liability so you aren’t paying this amount out of pocket to the person you ran into. Colorado requires $25,000 per person for any medical injuries that happen, with an upper minimum cap of $50,000 for each accident to cover one passenger.

Property damage liability coverage is what takes care of car repairs for the other car, with a minimum coverage of $15,000.Colorado also requires you to hold coverage that protects against drivers without any, or enough, insurance coverage. This pays for your medical and repair bills if the offending party is unable to do so, due to lack of insurance coverage. You get the same minimums as you have covered for your part of the liability.

Sometimes if you finance your car, you also have to add collision and comprehensive insurance coverage to your vehicle, but this is not required by the state. Talk to your financial institution holding the loan to determine whether this is a requirement for you.