An insurance lapse is when you allow your auto insurance coverage to expire or you avoid payments, thus guaranteeing that your car insurance company will cancel your policy. The lapse describes the amount of time that you are without coverage. This should be avoided at all costs, and here are four major reasons why:
By knowing the main reasons to avoid a lapse in auto insurance coverage, you can better understand the importance of always being sure that you make payments on time and renew your policy once it expires. You also want to be sure that if you plan on switching insurance policies, you let your current insurance company know so they can cancel the policy the day that your new one starts up so that you can continuously have coverage.Share
4 June 2015
Do you constantly fret about your future? Perhaps, you worry about what might happen to your significant other and kids if you suddenly passed away. If you can relate to this scenario, obtaining a life insurance policy might help you get the peace of mind you desire. Depending on your unique situation, you might benefit from acquiring a term or whole life policy. A trusted insurance agent can listen to your needs and help you figure out what type of policy will be best for you. On this blog, I hope you will discover the numerous reasons you should secure a life insurance policy sooner rather than later. Enjoy!