|
Don't be surprised that if you try to drop insurance, the insurance company or bank are going to ask for proof of a new policy. It's not like these guys don't know the car has a loan out and who the companies involved are. They all talk, and things don't typically just "slip by".
As Tcoat said, call your agent. Explain the situation. They will be the ultimate authority on what can or cannot be done. The bank has requirements that they know about, and can guide you correctly based on that. For instance, my loan requires both general liability and comprehensive specifically, so if I were to drop general I'd be in breach (even if I weren't driving).
TL;DR This is essentially legal advice at this point that you're seeking. Never take legal advice from the internet.
|