Does your insurance company legally have to give you a grace period after you are cancelled?
If you were still within any regulatory grace period then your policy will not be in cancelled status, it would be in cancellation pending status.
They are not legally obligated, most carriers do give you a time to re-instate however
Do you have to tell auto insurance in Kansas about all your speeding ticket when looking for insurance?
Insurance companies ask if you've had any accidents or traffic violations within a period of time. If you admit, your insurance rate will likely be higher. If you lie and the insurance company finds out (and they will), your insurance will be cancelled. Read More
Yes. Most health insurance policies have a grace period for you to pay that is mandated to be at least ten days. After that your policy is cancelled and you have a reinstatement period. That is mandated at either 10 or 30 days. After this period your insurance is lost for good and cannot be reinstated. you must re apply as a new member. Read More
What can you do to reinstate a life insurance policy when it has been cancelled due to a payment received 10 days after grace period?
Ask the Insurance Company if there is anyway they will reinstate and see what happens. Check your ACTUAL policy and see if you have any protections or guarantees. Read More
If your insurance gets cancelled for non-payment can you get insurance with another company or do you need to pay the outstanding balance first?
Is there really an outstanding balance? Did the company give you insurance beyond any grace period for some sort of promise-to-pay? If not, there should be nothing owed to the old company, and you could probably get re-instated with them. A new company will cover you as soon as you pay their first premium. Read More
In the State of Indiana is there a grace period when a homeowners insurance policy expires before it is cancelled?
When an insurance company decides to cancel your policy, they are required to give you approximately 15-30 day notice. The time period required depends on the reason for cancellation. The best thing to do is to call your state department of insurance. Be sure to have the letter from the insurance company available, so that you can read verbatim why you are being canceled. The Indiana Department of Insurance website is www.in.gov/idoi Read More
Yes for a couple of reason. Non-pay is the biggest. There is also a 2 year period in which the company can continue to underwrite you and if they found you lied on the application they can cancel the policy. Read More
Every state has their own guidelines, consult with a local insurance agent for more information. Read More
Only until the date of cancellation, can you stop a pending cancellation. Once it is cancelled, however, it is cancelled. You'll need to reinstate it immediately or face suspension of your driver's license. However, the child can pay for liability insurance and retain their license. The only grace period is the time between now and when the insurance actually expires. Read More
There is usually a ten day grace period before you insurance is canceled. It is not by the state as much by the policies of the individual insurance company. Read More
A lapse in your auto insurance is a time period for which you had or have no coverage. Either your policy expired and was not renewed on schedule meaning you missed your renewal payment or you missed a monthly payment and the policy was cancelled. Read More
Term life insurance is what people call "pure insurance." You pay a premium for a specific period of time, usually 10 to 30 years, and the company will pay a death benefit to your beneficiary if you passed away in that time period. You designate an amount with the insurance company and they will pay exactly that amount. Read More
How long does a person have to have a life insurance policy so that the insurance company cant question it?
It is a 2 year contestibility period. Read More
It depends on your local law, but generally speaking you get a temporary registration from the dealer. You will probably have to show proof of insurance to get your permanent registration. If you already have insurance, usually your new car will be automatically be covered for some short period of time under your existing policy, provided you notify your insurance company first. Read More
Is there a grace period for auto insurance when you trade in your car on a weekend and your insurance agent is closed until Monday?
It depends on the insurance company. Most companies will provide at least a 14 day grace period, but to be safe inform your company before you get the car, then call after you get the car to give all the details. Read More
They really should have their own insurance if it will be a long period of time like a few months. However if they don't, your insurance will cover them if they only think the car was borrowed for a "short" period of time. If the period is long, your insurance company wants you to add them as a driver on your insurance which can raise your rates. Read More
no Read More
Who is responsible if an insurance company insures the same property twice in the same claim period?
Who is responsible if an insurance company insures the same property twice in the same claim period varies depending on the structure of the contract. If a person signs two separate contracts, there could be two policies issued for that same property. If there was only a single contract signed, it might be the insurance company who is responsible. Read More
A car insurance premium is the amount of money paid to an insurance company for a 6 month period. It is cheaper to pay the full premium that pay each month. Read More
Depends on your insurance company, check with them Its not against the law as far as I know but your insurance could be void after a certain period of pregnancy. Read More
I think you need to get a driver's license in any state to get car insurance period. An insurance company will not supply you with insurance if they don't have proof that you are licensed to do so. My suggestion to you...get a license! Read More
By now you have cancelled the first policy and received a refund for the unused period. In answer to your question, had you experienced a claim during the period you had two companies, they would likely share the claim payout. Read More
The Contestability Period in a life insurance policy is usually two years. You can find this by looking at the "Incontestable Clause" in your life insurance policy The Incontestable Clause states that after the life insurance policy is in force for two years, the insurance company cannot void it because of misrepresentation or concealment by the insured in obtaining the policy. Read More
If you have medical insurance now but have pre existing condition can you still obtain medical insurance?
You can still have the insurance but it may not cover the condition due to a waiting period. Most insurances have a 1 year waiting period for pre-existing condtions but after that year you can be treated. Some insurance policies do not have a waiting period. So it all depends on the insurance and the policy you have. You need to contact the insurance company with your group and policy numbers to find out more… Read More
In every state I am aware of, the insurance company sends you an offer to renew and a bill. If you don't pay it there is not a cancellation that is required to be sent out after that. Most companies send you more than one billing but they are not required to and you cannot blame the insurance company for this error. The renewal is the only time that you do no have a period… Read More
Term Insurance is a life insurance policy , a contract between the insured and the life insurance company. Term insurance can be taken for a period of 5, 10, 15 or 30 years. In case of sudden death or loss of income, your family and loved ones need not suffer financial crisis as they would get a lump sum amount from the insurance company. Read More
In most cases an insurance policy for a car goes into effect the moment the first payment is made. In the case of medical insurance there might be a waiting period based on the insurance company. Life insurance usually goes into effect after the first payment is made, but there might also be a waiting period before benefits will be issued. Read More
On a health plan that is the limit the insurance company will pay over any period of time. Read More
The pre-existing look back period for a travel insurance policy is the number of days that the insurance company will “look back” to determine if a claim is related to a pre-existing condition. The look back period is generally between 60 and 180 days prior to the travel insurance policy's purchase date depending on the policy selected. Read More
It may not only be determined by the insurance company rules but also by the state laws and regulations where you reside. In Georgia the rules are usually the same for all companies as determined by the State mostly. In a situation whereby you miss a payment you will have 10 days from the day the insurance company mails you a cancellation notice. This is not from the day that you receive the notice but… Read More
The Incontestable Clause in a life insurance policy states that after the policy is In Force two years, the insurance company cannot void it because of misrepresentation or concealment by the insured in obtaining the policy. Read More
You must have insurance on the vehicle as soon as you purchase it. The nice part though, is that, if you already have an insurance policy for another vehicle, or if you are on a family policy and someone else in the family has a car with insurance, and you are listed as a driver on the family policy, that company will most likely cover your new auto purchase for a 15 day period, sometimes… Read More
Yes only if you were previously insured with another company and lost your insurance or it is his companies renewal period , usually once a year. Read More
What actions are typically taken by a lender if auto insurance is cancelled or expired and how long is the grace period?
Most finance/lease contracts allow the lender to either take the car back or purchase insurance and then charge the customer for it on their loan. The insurance the lender would buy is very expensive. As far as I know, there is not a grace period. Find out what car dealers don't want you to know at www.dealertricks.com Read More
Insurance Cancel An insurance company can cancel you anytime they want to as long as they have a legitimate reason to do so, and they are required BY LAW to send you WRITTEN NOTICE to advise you of any cancellation should one occur. This not does not apply to monthly bill statements because within the bill statement it says that your policy will cancel should they not receive a payment. This is the most common… Read More
This depends on the company that you are insured with. You will have to ask them what their policy is regarding late payments. Read More
The tax amount which is paid on the premiums collected for a particular period by a insurance company which was to be paid to the state government. Read More
Temporary insurance offers coverage for a short period of time, often twelve months or less. This short term insurance often has limited coverage compared to other plans. Read More
After the named insured dies the vehicle would need to be insured under a new policy in the name of the person who inherited the vehicle. For the short period of time that the vehicle and other property are being probated, the legally appointed administrator or executor would have the ability to add and delete drivers. The death of the insured would need to be reported to the insurance company immediately by the executor and… Read More
A contract frequently purchased from an insurance company by the consumer at retirement to provide continual income over a specified period of time is called?
Annuities are generally purchased through an insurance company. People who purchase annuities can receive payments in the future from their annuity. Read More
some insurance companies have what they call a grace period to get your bill paid usually 10 days or so but it depends on the company. Read More
Many lupus patients find it difficult to obtain health insurance, especially if they are not part of a large employee group. Policies about insuring lupus patients can vary from insurance company to insurance company. Some may consider it a pre-existing condition. Others may not cover lupus related expenses until you have had a period of six months or more where the disease has been relatively calm or stable. Again, it varies from company to company. Read More
No. You need to contact your insurance company. they are not all the same. Most insurance companies will give you a short grace period in which to notify them of a vehicle change such as a trade in situation. If it's an additional vehicle you have acquired, there would be no coverage until you have contacted your insurance company. Read More
Contact your insurance company and explain the situation. If you are able to prove when you sold the house the company should issue you a refund for the period after you sold the home. If you have an agent call him/her and they should be able to help you get the refund. Read More
Grace periods and days prior to cancellation are items that are generally set by the State Legislature or regulations of the Insurance Commissioners Office. These are normally standard throughout the state from company to company and are not really up to individual companies. Read More
Sometimes check with your insurance company and find out their policy Read More
The expiration date, or the day you cancel is the official end of insurance coverage. Period. The 30 day "grace" period is a myth. If you just let the policy expire by not paying the renewal premium, they will PROBABLY reinstate your coverage retroactive to the expiration date, but I would not rely on that. If you CANCELLED, that's the end of your coverage. Read More
Insurance companies always come out with policy clauses with the noblest intentions. One of them is the 'free look period'. This period is a time period of 15 days that an insurance company allows you after having bought the policy, to understand whether you really want that policy. In short, if you have bought a policy and within a period of 15 days, decide for whatever reason are unhappy with the policy, you can return… Read More
Most of the time the answer is yes. There is a two year contestability clause on life insurance policies. If the policy is in force past this period then the insurance company is not allowed to contest the policy no matter what the situation. Even in cases where the person outright lied to the insurance company and thereby committed fraud the company will pay the benefits without regard. I have had one case in my… Read More
You cannot receive money back on your life insurance policy because you used it for the period of time it was valid. You cannot receive money back on this policy. Read More
Insurance company decides not to renew policy they must inform within how many days before the policy period ends?
If the insurance premia remains unpaid for over six months from the due date, the policy automatically lapses. You are to contact the Insurance Company for revival quotation, submit DGH Form so that the policy is renewed. Read More