is this true with auto insurance?

Question

is there a grace period given when one cant make their auto insurance payment on time due to not having the money until the following week ?

I use drive insurance from progressive and i have never been delinquent w/payments until this time

Answer 1

Talk to your insurance agent and explain the situation. Most are usually willing to work with you. The contact is very important as they don't look very highly on someone who just doesn't pay the bill.

Answer 2

In most cases, yes, this is true. Most insurance companies are required to give lienholders (aka finance company) at least 10 days of notice before a policy cancellation, therefore, the customer normally gets this as well.

The company I work for always gives at least 10 days grace from the first due date of the bill. If you don't pay on the first due date, a 2nd notice automatically goes out, notifying the customer and the lienholder of the last possible date that the coverage can be paid. If you exceed the final due date, then you are cancelled due to non-pay.

To be sure on this, contact your insurance company. Not all companies are the same.

Answer 3

It depends on each individual company. Some companies will give you a small window and others don't! As a former claims adjuster I know that if you miss a payment with most major companies you will have a LAPSE in coverage and if there's an accident during that lapse you are responsible for damages/injuries caused by an accident you are at fault for OR if you try to file an uninsured motorist/bodily claim it will not be covered.
--Check your policy or talk with your agent!

Answer 4

There is normally a 30 day grace period. I would call my insurance company not to ask but to confirm. i.e. "I'm calling to confirm that there is a 30 day grace period to pay my premium." By not asking and by confirming, I find that it gives people LESS of an opportunity to say no to a yes answer.

Answer 5

you may show your willingness to sue, and then maximum will negotiate without postpone with you because of the fact they think of they are in a position to get a greater low-value settlement because you will no longer evaluate issues like available destiny clinical look after your injuries. a actual looking settlement is one wherein they pay all direct expenditures of each form and then determine in approximately thrice the clinical charges to cover soreness and suffering. you could negotiate that for the time of your very own, yet whilst the employer is confident which you will never do any to grant your self with protection, they'll grant no longer something. to start, touch the insurer. they are no longer going to touch you first.

Answer 6

Depends on the insurance company and your payment history with them. Some yes, some no. Call and discuss this with your agent.

Answer 7

if you're late, you'll ususaly get a letter from the insurance company stating when your insurance is going to expire. and after that date, if anything happens then your not going to be covered .

Answer 8

That is up to your individual company. Read your contract or speak with your agent.

I really doubt there is any law which says there must be a grace period.

Answer 9

Yes.. You have to have a notice mailed to you that is "Pending Cancellation of Services" .. and it says that if you do not pay by the certain day your policy is ineffective.. Which usually is a month after the original payment due date.. :)

Answer 10

Possibly...it really depends on who your are insured with.