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Can you keep your car insurance even your car was sold just for protection for car you use?
Wiki User
∙ 13y ago
I'm not sure that I understand the questions exactly, but I'll give it a shot.
If you have insurance on a vehicle that was sold, there is no reason to keep insurance on it. If you sold it then you do not have insurance interest in the vehicle. With insurance, you have to have insurable interest in order to insure something in most cases. You have an "insurable interest" in something when loss or damage to it would cause you to suffer a financial loss.
What you could do is just transfer the insurance to the vehicle that you do own if it doesn't have insurance on it. Usually you have a specified number of days to do this when you sell a vehicle.
Hopefully that answers your question for ya.
Wiki User
∙ 13y ago
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