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Insurance Experts Explain How To Handle A Car Insurance Lapse
Monday, July 1, 2019 9:10 AM
LOS ANGELES, CA / ACCESSWIRE / July 1, 2019 / Compare-autoinsurance.org has launched a new blog post that explains what is a car insurance lapse and how they can avoid these situations.
For more info and free quotes, please visit https://compare-autoinsurance.org/what-to-do-after-a-car-insurance-lapse/
It's not unusual for someone to forget to pay the car insurance premiums. Many persons are busy with their daily routines and jobs, and sometimes they forget that certain bills must be paid. However, the situation can get be bad for drivers that have a coverage lapse. Driving without insurance can be risky. Depending on the state laws, the penalties for driving without insurance can range from hefty fines to one year in prison.
Drivers who are having a coverage lapse should follow the next steps:
- Drivers that discovered they have a coverage
lapse should contact their insurers immediately. In most cases, the driver has forgotten to pay the insurance. Nevertheless, the insurance provider will apply some rules and negotiate to reinstate coverage, even though the driver had no intention to not pay the premiums.
- Drivers that are having just a few days of
coverage lapse can be easily reinstated to the same insurance carriers after
they have paid their premiums.
- Drivers with long coverage lapses have different
negotiations with their insurers. It depends on the insurance provider and some factors regarding the driver, if the insurance policy is to be reinstated or not. Drivers that have been with the same insurer for a long period of time and they are good drivers, have a higher chance or reinstating their policies on the same insurer. However, there are many drivers that need to look for a different insurance provider.
- There are different reinstatement procedures
among insurance companies. Usually, the insurers will simply renew the previous policy. In some cases, the insurance company will impose the driver to apply for a new and costlier insurance policy. Also, these insurers will require the driver to provide an electronic payment method from where automatic monthly withdrawals can be done.
For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/
Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
"People that live in today's society have busy lives, so forgetting to pay the insurance bill is not unheard of. However, it is important to do everything you can in order to get your insurance back after you discovered you have an insurance lapse", said Russell Rabichev, Marketing Director of Internet Marketing Company.
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SOURCE: Internet Marketing Company