Insurance won’t remove my truck from the policy after I surrendered the plates
Hi guys, I have an interstate trucking company that ownes 2 trucks.
My trucks are 2020 and 2021 model and they are killing me with their repair costs and repair times.
So I decided to lease a brand new truck and sell the 2020 model one. Of course selling the truck takes time so I went to IRP and surrendered the plate. Sent the document to insurance, and asked them to remove the 2020 model truck and add the new leased truck.
The reply was shocking, they said they only accept bill of sale and they said they will keep that 2020 model truck in the insurance. And adding that new truck will cost me $35.000 per year. (My yearly insurance with 2 trucks was costing 45k)
So, is it legal for them to keep the unplated truck in the insurance? It’s not possible to haul load with such truck!
And about the 35k, are they taking advantage of me? Because the deal is done with the new truck and I’m certainly getting it, now they’re coming up with these stuff..