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A lapse in home insurance coverage can happen to even the most responsible policyholders. A single missed insurance bill, failed automatic payment or an outdated mortgagee clause listed on policy ...
Your coverage may have lapsed for nonpayment of premium, your insurance company may decide not to renew your policy due to claims you have made or significant issues may have been discovered ...
Set reminders: If you’re worried about what happens if you miss a car insurance payment, the best way to avoid potential penalties is to make sure you are making payments. To do that, set a ...
Proof of premium payments might refute a lapse-related denial. Medical records or autopsy reports can address exclusions related to the cause of death. Employment records may be required for group ...
Canceling your insurance or a lapse in coverage could also make you a high-risk customer and result in more expensive premiums later. Therefore, instead of forgoing insurance, look for an ...
If you cancel your insurance policy instead of suspending it, your insurance company will likely view this break as a lapse in coverage and your insurance premium may increase when you purchase a ...
In most states, canceling your policy prematurely can put you at risk for fines, a license suspension or a coverage lapse — the latter could lead to higher insurance rate in the future ...
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