|
I believe that is correct, but it's all from hearsay. Logically, it makes sense since you have to have full coverage (as in collision and comprehensive) on a financed car. So, no fire and theft for you.
It's similar to back when I used to have a motorcycle. I paid for my premium month to month, because I wanted to cancel my insurance for the winter as well, but not only would it interrupt my "consecutive years of coverage", I'd also OWE the insurance company money. They later sent me an email, showing what my premium ACTUALLY cost per month, it worked out to pennies in the winter months, and the brunt of it (as in 150-350) was owed for the summer months.
|