I was late paying an an auto insurance payment. They notified me that by a certain date the policy?
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Answer:
If your policy is cancelled you will still owe for coverage already provided + potentially a cancellation fee according to what state you live in and the provisions of your policy contract.
You will have been given a grace period during which to make the payment. If you cannot pay the entire amount, contact your insurance company and find out what options, if any, they can provide for you. Realize when you call that whatever options they CAN provide for you they will--the options, just as everything else, have been filed with your state's DOI and have to be universally offered for every policy holder. They may be able to extend the cancel date, accept a partial payment, or help you in another way. If those options are limited, or non-existent, realize that the "grace period" you have been given on the cancellation notice is already an extension of your original due date.
If they cannot offer you a "doable" option, ask what, if any, provisions they may have in place to be able to offer you a "reinstatement" and what time frame that may be an option for you.
If your insurance cancels for non-payment, you may end up with further 'penalties' that will come in the form of higher rates with other companies since you will not have proof of prior insurance without a lapse in coverage.
you wont have insurance. Pay up asap.
you have possibly 7 days to pay
or insurance cancelled-
meaning you have NO insurance and will get a huge ticket if discovered by the police , or sued if you cause a accidnet
You will need insurance from another company. All states require that autos operated on the public roadway at least have liability insurance, if your car is financed, the lender wants coverage in case the car is damaged to protect their loan money. If notified, the lender may "buy" insurance for you and bill you, this is usually very expensive. A purchase contract usually requires insurance coverage.
Driving without insurance is a offense that will surely land you in Court if caught.
There is also the liability aspect of the situation - should you be at fault in a collision you would personally be responsible for all the damages to the other vehicle and any injuried people. If you work in the medical field, you must be aware of medical costs.
Good luck and get some insurance, please.
They usually give you a 10 day grace period from the time the letter was sent, if you pay before the grace period is up then you can still be active with your policy. Otherwise you may need to pay your down-payment all over again with a new policy number.
If the policy is cancelled you will have no insurance. It will also be more difficult to insure with another firm.
First of all call your insurance provider and talk to them, they are usually flexible. However if your policy is canceled then you are officially without insurance and if caught driving you will lose your license for 90-180 days and pay a fine regulated by your state.
Hurry up & pay your insurance. If your in an accident you will owe for all of the damages to the other car & you will have no coverage on yours. That can be thousands of dollars. Not to mention if you were injured that could be really bad. And you would get a ticket for not having insurance.
Even if you do not get in an accident your insurance rates will go up since you will be put in a high risk group for not having insurance coverage on the vehicle. So you could pay double when you do get insurance again. So go pay your bill.
If it cancels you have no insurance and if you have an accident you will be S.O.L. Make a payment now, you may be within a grace period or they may reinstate with no lapse.
Pay your insurance! You at least need liability. If you don't pay you will have a lapse in insurance and when it is time to get your registration renewed you'll have to pay a fine for the lapse. Even if you do get insurance with another company. The fee may vary from state to state.
You'll be uninsured and must take the vehicle off the road. You many NOT drive it under ANY circumstances (even emergencies) until your insurance is re-instated.
It is pretty simple, you won't have insurance. You will have to arrange a new policy to take effect the time the old one is cancelled, unless you can beg and plead to get the old policy reinstated. You will also have to answer a question on future applications, possibly for 5 years, that you have had a policy cancelled. You may not be able to get premium financing for 3 years. My advice is to beg and plead for re-instatement, offer to pay the premium for the balance of the term.
If they cancel it, you won't have insurance. And if you have a loan on your car, your bank will find out and force place their own insurance if you don't reinstate soon.
So if it cancels, call your ins. co. and ask how much it would be to reinstate your policy.
But don't drive without insurance, it's not worth it!
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