My insurance was supposed to have been paid for by aug. 15. But i ended up not being able to pay it. I know have the money but lost the bill. But i wanted to change my payment plan to monthly instead. I filled out the easy pay form and am sending it out in the mail tomorrow. Will they reactivate my insurance plan once they get the paperwork and charge me? Or am i screwed and have to reaply for insurance?
2006-08-30 14:27:42 · 11 answers · asked by steph_735 1 in Business & Finance ➔ Insurance
I think U should B OK. Most places will restart it when they get their money meaning during your late period U had no insurance. If U would have an accident, U'd B scewed. But since they haven't threatened 2 cancel U, it's all good
2006-08-30 15:55:04 · answer #1 · answered by Cubs1 2 · 0⤊ 0⤋
Call them or go to the office and talk to them. You want to pay for all of the insurance and have no "lapses" in coverage, because if you do your renewal will go up dramatically, or you may not get insurance. There are often charges to go to the monthly plan (up to $5.00 per month), do you want to pay an extra $72 a year? BTW, before they can cancel your insurance, in most states, they have to send you a notice telling you the date that they will cancel it - you haven't gotten that notice yet, that is a good thing. It doesn't apply to liability insurance, but does for car and homeowners.
2006-08-30 21:35:28 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you have already received a cancellation notice with a termination date (must be 15 days after due date) and your payment is still not received than rest assured your payment will be sent back to you and you will have to reapply. Don't be suprised if your rate goes up significantly when you reapply because you are now in a lapse of insurance and are considered a higher risk than before.
2006-09-03 01:36:08 · answer #3 · answered by Dave 1 · 0⤊ 0⤋
Generally, you have a thirty day grace period. Get going and pay the bill. And to the poster who said most companies no longer offer grace periods, they are WRONG. They have to offer a grace period so that your insurance doesn't just stop on the day your check was supposed to be there. Get the money in there now!
2006-08-31 02:42:31 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I didn't get what type of insurance it was. It will depend on state laws, company rules and maybe the type of insurance. For example, FL laws give a 30-day grace period for life insurance.
At any rate, personally, I wouldn't lose any sleep for just being two-weeks late. You should call the company though, to be on the safe side or just for peace-of-mind.
2006-08-30 23:58:46 · answer #5 · answered by Leroy 5 · 0⤊ 1⤋
It may depend on the insurance company. Since you are only 2 weeks late they may accept the paperwork. If you were 30 days late you would definitely be hosed. Different companies have different rules on late payments, you should check your policy and see what it says.
2006-08-30 21:32:40 · answer #6 · answered by Juniper 3 · 1⤊ 0⤋
As long as you didn't receive a cancellation notice, you may have to call your agent and make the payment in person before setting up an installment plan.
2006-08-30 21:33:18 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Why are you mailing -- go to your local insurance office and see the agent and tell them your situation -- including losing the bill.
2006-08-30 22:42:07 · answer #8 · answered by sglmom 7 · 0⤊ 0⤋
you need to contact your agent and explain, most companies don't have "grace" periods anymore, also you can't change
a payment plan in the middle of a policy term
2006-08-31 01:11:54 · answer #9 · answered by Loollea 6 · 0⤊ 0⤋
depends on the company and if there is a grace period - next time you lose the bill, call the company.
2006-08-30 22:01:41 · answer #10 · answered by kathleen f 2 · 0⤊ 0⤋