You pay for the damages out of your pocket. Answer How lapsed? There is a grace period with insurance companies. Call your agent. If it's been more than 2-3 weeks my guess is you are out of luck.
If the accident occurred after your policy lapsed and before reinstatement, no, it won't.
You're probably screwed because your insurance most likely has lapsed.
As long as the other carrier has accepted liability, they will owe for your damages whether you have insurance or not.
Cancellation Termination of an insurance contract before its expiration date, by either the insurance company or the policyholder. Lapsed Insurance Policy When a policyholder fails to pay the due premiums, his or her insurance will get cancelled. These are referred to as a lapsed insurance policies.
Yes they will, but you may have to pay a deductable if you do not have uninsured motorist coverage, and you you must have comp & coll coverage.
The person driving the vehicle. You borrowed the vehicle so any damage is your responsibly to fix. In almost all cases your insurance covers you if you must borrow another car. Check with your insurance company to be sure.
It so happens that you have no insurance
It means you have no insurance. Either it has lapsed or has been cancelled.
That's the first place I would go is to the police officer who wrote the report. Let them know the insurance lapsed and ask them to check on a current insurance. If the policy they gave the office is not valid I would pretty much guarantee that they don't have insurance. You can call the owner of the vehicle from the report as well. Most likely you will have to turn it over to your insurance company if you have uninsured motorists coverage. Your company will pay the claim and go after the other party. They will do the legwork and pay all legal fees involved with collecting from the other person.
It really depends on how long your policy has lapsed, but there are insurance companies that will provide you with insurance coverage even with a lapse. Give us a call and we can get you a replacement policy. 847-444-2571, ask for LIZ.