0
Why would your auto insurance rates double when you accidentally let your policy expire?
Wiki User
∙ 12y ago
Probably as a penalty for letting the old policy expire. Typically, the companies with the lowest initial rates end up costing more due to penalties, rate hikes and possibly dropping you form the policy altogether.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is the grace period for home owners insurance policy?
Homeowners insurance is typically a 1 year term policy, It has a start and end date. At the expire date (end date) the policy is expired. There is no grace period after expire. Typically you are notified prior to the expire date of policy renewal. If you do not renew the policy, It just expires on the end date.
Does a flexible universal life insurance policy expire at a certain age?
A flexible UL policy CAN expire unless you add more premiums to keep it in force.
Does auto insurance expire at death?
Yes, if the policy was in the sole name of the diseased - because the contract/policy is with the person NOT the car.
If pregnant can your health insurance expire?
I don't know about the term 'expire' if you do not pay your premiums you could certainly run the risk of your policy canceling for non payment.
Can someone be denied reinstatement if their car insurance policy expired?
Yes. Allowing a policy to expire hurts your chances of getting good insurance with any company. Most will allow you to get your policy renewed, but you will pay higher rates.
Which of these terms refers to an insurance policy that pays out double?
Double indemnity
Does Tennessee invalidate the insurance policy of an ex spouse?
A life insurance policy is a contract and therefor no state or other entity can invalidate it. If you are the owner or irrevocable beneficiary, no one can change that but you. However, if the individual decides to stop paying on the policy it may expire.
What can be added to an insurance policy to allow the insurance to receive a higher benefit?
double indemnity. -Chrly
Can an insurance company charge you after the expiration date?
Yes they can still charge you if there is unpaid premium due from before the expire date of your policy.
What if the Life Insurance check has expire?
Expiry of the check will be treated as 'check dishonor', you are to pay premium plus bank charges in lieu of the dishonored check to the insurance company to revalidate the policy.
What can be added to an insurance policy to allowed the insured to receive a higher benefit?
Double indemnity can be added to an insurance policy to allow the insured to receive a higher benefit.
What can be added to an insurance policy to allow the insured to receive a higher benefit-?
Double indemnity can be added to an insurance policy to allow the insured to receive a higher benefit.
