You may also receive some compensation from the insurance company if the monthly, semi-annual or annual premium has already been paid.Ĭlosing a car insurance policy for someone other than a spouse The last step is to wait for the cancellation confirmation. Wait for confirmation: Typically, an insurance company can formally cancel the policy within one day.If you have to provide any other forms, the insurance company will explain what they need. Provide documentation: The insurance company will probably ask to see documentation verifying the policyholder’s death, like a death certificate or an executor of estate form.If you are also insured on the policy, they may ask if you want to keep the policy and become the primary policyholder. Call the insurance company: Contact the insurance company or your agent and let them know that the policyholder has passed away and that you would like to cancel their policy.Once a policyholder passes away, their car insurance policy will need to be canceled or their name will have to be removed from the contract if there are other drivers on it.
Unfortunately, the insurance company has no way of knowing that a policyholder has passed away until a spouse or relative notifies them and requests to cancel the policy. One of the misconceptions around car insurance is that if the primary policyholder passes away, their policy will be automatically canceled and the coverage will stop. What happens to a car insurance policy after the policyholder dies? Bankrate’s insurance editorial team explains what happens-and what you might want to consider doing next. Although the process can be tricky, understanding how to handle a car insurance policy after the policyholder passes can help guide your next steps. Depending on whether the car insurance policy is your spouse’s or someone else’s, there are a few factors that can help determine what actions to take. When the policyholder on a car insurance policy passes away, loved ones may be unsure about which next steps to take.
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