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?

If your previous home insurance policy was cancelled for non-payment, the company you were insured with may choose not to reinstate the policy depending on your history with the company. While this company does not have to reinstate your policy, you will be able to bind insurance with another provider. If this company asks if you have been cancelled previously for non-payment, answer honestly. This will not disqualify you for obtaining insurance, however it may… Read More

The bank must make payments of these items from the account on time, if you kept an escrow account with the bank and carried out regular deposits for the taxes and insurance payment. If the bank does not pay the insurance premium on time and the insurance policy is cancelled, the bank must either get in touch with the insurance company and make them reinstate the policy, or buy a policy with another company. Nevertheless… Read More

No. Read More

You are asking if you can reinstate you auto insurance if it cancelled for non-payment. Often times you can. It is up to the policies of the individual insurance carrier that you are dealing with and the state laws as well. In Georgia, insurance companies must mail you a 10 day notice of cancellation if you did not pay on the due date. After this cancellation date on the notice you have no coverage. Often… Read More

Yes. Non Payment of premium can cause a cancellation or non renewal of an insurance policy. Read More

Several answers apply here. First did you move and if so did you send your insurance company a change of address? Secondly did the accident take place before or after the effective date of cancellation? Insurance companies don't have to prove you received the cancellation notice, they only have to prove they mailed the cancellation to the last known address you provided them. If you move and do not send them a change of address… Read More

Yes Read More

Reinstatement simply means getting your coverage back to active. Most policies cancel when payments are not received on a timely manner, causing a policy to cancel (no coverage). Once payment is received, a company will usually reinstate a policy, sometimes without lapse (depending on how many days the polilcy has been cancelled). 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

I believe you can, your premium my just be a little higher. that's what happened to me anyway. Hope this helps a bit. Read More

It would depend on the insurance company. Most insurance companies will reinstate your coverage once you are caught up on your premium payments. You would then just have a lapse in coverage for the month you missed. Read More

If you have requested cancellation of your policy then it would not be appropriate to reinstate it without an additional request from you so long as required notices of discontinutaion of coverage have been made to all interested parties.. There are times when it would be appropriate and in the best interest of the insured to automatically reinstate a policy without an additional request from you to do so. Especially if there is an express… Read More

Not necessarily. In most cases you have to be notified in writing as to when and why you're being cancelled. Most causes of cancellation are from non-payment of premiums, and somewhere in the bill it states "policy can be cancelled if premium if not paid by due date". Otherwise, most insurance companies are required by law to notify you. Read More

First we would need to know why you were cancelled? As if you were cancelled for misrepresentation or fraud then you are in trouble, but if you were cancelled for non payment then just call up some other insurance companies and get quotes should be no issue, you may see a jump in your premium and thats unavoidable and you will have to live with it for around 3 years. If you were cancelled for… Read More

Call the company, Offer to make your payment and request a re-instatement of your policy. Read More

If you rear end someone in Illinois and your auto insurance has been canceled for non payment, it is likely that you will get sued. The person you hit can take you to court for compensation which will come out of your own pocket. Read More

Contact your agent or companies policy services dept. and see if you can pay your premium and get reinstated, or if you can get a new policy. There are companies that will accept drivers that have been previously cancelled look around, contact some agents, but get some insurance ! Read More

This may depend on your insurance companies own internal rules and policies. NJ does have some interesting insurance law but I don't know if it gets this detailed as to regulate the reinstatment of a policy that has lapsed for non payment of premium. Read More

YES, they can and DO. Read your contract about the re-instating part. Was this your 2nd repo? Read More

Once your policy was cancelled you no longer have coverage. Hopefully the drunk driver has good enough insurance to take care of your damages. Read More

If you die there will be no payout to your beneficary, This usually happens when you miss a premium payment and they 'suspend' the policy, allowing you to make the payment(s) up to date and will reinstate the policy, as opposed to a 'cancellation' or 'termination' when you have lost the policy never to be reinstated Read More

Not unless the deceased calls the company to cancel. The insurance company cannot cancel the policy unless it is requested in writing by the insured or executor or if it cancels for non-payment. Read More

Actually, you are notified. Simply look at your bill. Insurance companies are required BY LAW to notify you in writing if they are going to cancel your policy. When you are billed, there is ALWAYS a little paragraph in there that says your policy is subject to cancellation if your payment is not received by a specified date and time. Some insurance companies take late payments, but you can be subject to fees and other… Read More

A rescission, is a rescind. That means they have voided whatever the notice referred too. You'll have to read the notice for further details to determine what was rescinded. A notice of rescission is often sent to the insured when a late payment has been processed where the insurer has already sent out a notice of cancellation for non payment. If the payment was received after the due date and accepted after the cancel notice… Read More

I assume you mean how can I check if the policy is in force, in danger of lapsing, or cancelled for lack of payment. I would simply call your agent and/or the insurance company's customer service. Read More

This sounds like a reinstatement fee. A reinstatement fee is a fee for reinstating your policy if it has been cancelled for non-payment or some other reason. Read More

Yes. The beneficiary of a life insurance payment can always receive the payment regardless of where he or she is. Read More

"There are a variety of payment options available for Mercy Insurance. Read More

Dear Debbie, I was previously employed for Stiller & Banes Insurance Co. in Atlanta, Ga. We were repsonsible for filing insurance claims and suits for major conglomerations and for personal subscribers such as yourself. A few times in my tenure, I witnessed the cancellation and termination of life insurance policies due to non-payment of premiums. Thre are two types: Those that you may file on a dependent (such as your son, daughter, sister, etc), and… Read More

Assuming your insurance company cancelled the policy because you missed a payment, you are out of luck. The insurance company does not have an obligation to notify you of bills due, they do this out of courtesy because they would like to receive payment. If you are paying monthly find out what day your bills are due and make sure you pay them each month. If you move or change your phone number be sure… Read More

No you would not. Insurance is only applicable as long as the policy is in force and is VALID. Once the policy gets cancelled either due to non payment of premium or because you want to cancel it, all benefits of the insurance policy become null and void. You would not get any benefits out of it after that date. Read More

Payment of life insurance premia is allowed on line, along with payment over counter whether payment by cash or cheque. Read More

HSBC is a reputed insurance company in India for payment protection insurance. Read More

A partial payment. Read More

You can get payment protection insurance by speaking with your insurance agent and asking whether or not the company offers such an insurance. You can try insurance agencies like Progressive or Advantage. Read More

I believe the answer to that is no, although once the payment is made, there is an exta amount that can be paid to cover the time in between the termination of employment, and the beginnign of COBRA coverage. Read More

According to my agent, there used to be a ten day grace period from the policy payment due date to the receipt of payment. She said that was no longer the case. If payment is not received on the payment due date, you are considered un-insured. My auto debt form is in the mail! Read More

Probably. What does your policy say? Read More

weekly payment from payroll deduction at $125.00 per week and comprehensive insurance coverage Read More

The surcharge is part of the bill and I imagine your policy would get canceled if not paid in full eventually. If it does get canceled you will find it difficult to get insurance through another company and they can ding your credit for non payment but usually that take a few months depending on the company. Read More

Your home insurance can be cancelled by you at anytime, with written notice. the insurance companies however have a much harder time cancelling then you do. Here in Ontario they need to give you 15 days after written notice by registered letter or 5 days notice after hand delivered and they cannot cancel you for no reason as well, they need a good reason such as you do not meet underwriting criteria or misrepresentation, non-payment… Read More

Car insurance companies do not require full payment upon acceptance. They do however ask for a down payment. If you go through a 3rd party you maybe able to get car insurance without a down payment. Read More

My mom had the same issue. Her payment was late but they cashed the check. Issued a letter cancelling her and then sent issued her a refund. It seems to me the act of cashing the check, implies acceptance of payment. Does anyone have an idea if this is true? The letters about the cancellation came while she was in rehab and she did not receive them until she was home. Anybody have any thoughts… Read More

Received cash from a customer as payment on account Read More

a payment for insurance Read More

While waiting for your insurance to process your claim, it is listed in our billing software as insurance responsibility. Once we have received the payment and/or eob (explanation of benefits) from the insurance, the amount due from the patient is then transferred in our system to the patients responsibility. We are literally transferring the responsible party from the insurance to the patient. Read More

Medical insurance payments to the providers of the services for your medical bill charges would not reduce the amount that medicare will approve for the payment amount charges that they will pay for the services that you have received. Read More

If you are on a payment plan, the IRS cannot garnish you. Call the IRS and verify that your payment plan is still in place. If it is, tell them that your employer has not received a Notice of Release of Levy and ask them to fax one to them. Get your employer's fax number before calling. If your payment plan is no longer in effect, you may be able to get them to reinstate… Read More

this life insurance policy has premium payment for a set number or years.... Read More

Home Insurance after a Cancellation You can obtain a new policy from any insurer of your choice. Just make some calls or look online. If the policy has been cancelled for less than 30 days you will likely be assessed no points against you at all by the new insurer. You very likely can even call back the insurer who cancelled your policy and have it reinstated or reissued. Once your Home Insurance has lapsed… Read More