| Message |
Author |
|
 Posted: Tue Oct 28, 2008 10:48 am Post subject: Late premium payment effects.. |
|
|
Can my insurance be terminated if I get late at paying my premiums?
_________________
Register Now to have your Insurance queries solved. |
|
Red-ribbons
Guest
|
|
| Posted: Tue Oct 28, 2008 11:03 am Post subject: |
|
|
well of course...could you be more specific?
_________________
"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr. |
|
Lori
Moderator
Joined: 10 Sep 2007
Posts: 8173
Location: Missouri
287.90 Dollars($)
|
|
| Posted: Tue Oct 28, 2008 11:44 am Post subject: |
|
|
| Quote: | well of course...could you be more specific?
|
Well, I just wished to know if there are grace periods for paying auto insurance premiums like there are towards home owners!
_________________
Register Now to have your Insurance queries solved. |
|
Red-ribbons
Guest
|
|
| Posted: Tue Oct 28, 2008 11:49 am Post subject: |
|
|
I guess it is possible...though Lori would be a better person to explain that to you. As far as I remember of the home owners policies, they'd generally offer you a grace period of 30 days. But cancellation beyond the grace period would depend on the state laws I guess!
Purpleheaded08
_________________
Register Now to have your Insurance queries solved. |
|
Purpleheaded08
Guest
|
|
| Posted: Tue Oct 28, 2008 2:55 pm Post subject: |
|
|
I know this might be a somewhat off the wall answer but ....
Ask your agent what the grace period is. I'm betting he/she would tell you.
_________________
Life moves pretty fast. If you don't stop and look around once in a while, you could miss it. - Ferris Bueller |
|
LifeIsGood
Senior member
Joined: 22 Sep 2008
Posts: 580
1.29 Dollars($)
|
|
| Posted: Wed Oct 29, 2008 8:50 am Post subject: |
|
|
| Quote: | | I just wished to know if there are grace periods for paying auto insurance premiums like there are towards home owners! |
In truth there is no 'grace' period for either policy...some companys will allow a policy to stay enforce if the prem is received within 10 days of the renewal...you need to ask your agent of policy services.
_________________
"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr. |
|
Lori
Moderator
Joined: 10 Sep 2007
Posts: 8173
Location: Missouri
287.90 Dollars($)
|
|
| Posted: Wed Oct 29, 2008 4:15 pm Post subject: car |
|
|
| I have my car policy through Nationwide. The 'grace period' is 10 days. However....I think with THEM, dpending on what 'risk factor' you are in, depends on the cancelling the policy, or not, if your OVER the 10 days. A few times, I went over the 10 days..however, all I had to do was pay for 2 months, to keep the policy 'in effect.' |
|
sdchargersfan
Senior member
Joined: 21 Aug 2007
Posts: 2055
4.67 Dollars($)
|
|
| Posted: Wed Oct 29, 2008 6:09 pm Post subject: |
|
|
Sure you can have your auto insurance canceled if you fail to make your payment by the due date. You will most likely be warned, but don't rely on this in case something happen to the mail or etc. You should always pay your policy on time and if you can't for any reason, you should notify your agent or company and let them know exactly when they can expect payment to prevent any lapse in coverage.
_________________
Juston Garland
http://www.nationwidebillrelief.com |
|
justong
Member
Joined: 11 Sep 2007
Posts: 70
16.98 Dollars($)
|
|
| Posted: Wed Oct 29, 2008 8:52 pm Post subject: insurance |
|
|
| Yep......and if you KNOW your payment is going to be late, it might be a good idea to contact your insurance agent and let them know. Maybe they will beable to do something for you. At least be responsible to 'take charge' of the situation and talk to them.....at least they would have SOME idea. People DO work with you as long as you work with them. |
|
sdchargersfan
Senior member
Joined: 21 Aug 2007
Posts: 2055
4.67 Dollars($)
|
|
| Posted: Wed Oct 29, 2008 9:09 pm Post subject: |
|
|
| Quote: | | if you can't for any reason, you should notify your agent or company and let them know exactly when they can expect payment to prevent any lapse in coverage |
sorry that might've worked twenty years ago but not now...
_________________
"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr. |
|
Lori
Moderator
Joined: 10 Sep 2007
Posts: 8173
Location: Missouri
287.90 Dollars($)
|
|
| Posted: Wed Oct 29, 2008 9:12 pm Post subject: insurance |
|
|
| MMmm...I see your point, LORI. I guess you really can't take anyone's 'word' these days. Might be worth a shot, though. |
|
sdchargersfan
Senior member
Joined: 21 Aug 2007
Posts: 2055
4.67 Dollars($)
|
|
| Posted: Wed Oct 29, 2008 11:55 pm Post subject: |
|
|
| Yep SD I imagine Lori is right there. Paid is paid and unpaid is unpaid. I have mine taken automatically out of my checking account just to make sure it is never forgotten. Anyway I have Nationwide myself...going on over 12 years now. Not sure if I am going to stay though..I have found insurance cheaper..I just need to look into it a little more. |
|
fireyone
Senior member
Joined: 07 Jan 2008
Posts: 1993
2.31 Dollars($)
|
|
| Posted: Thu Oct 30, 2008 12:30 am Post subject: |
|
|
firey has the right answer. Have it deducted. Trying to remember when and if it was paid will do nothing but bite you in the tush.
(cheaper? are they the exact same coverages?)
_________________
Life moves pretty fast. If you don't stop and look around once in a while, you could miss it. - Ferris Bueller |
|
LifeIsGood
Senior member
Joined: 22 Sep 2008
Posts: 580
1.29 Dollars($)
|
|
| Posted: Thu Oct 30, 2008 1:01 am Post subject: |
|
|
No life thats just it it is actually better coverage. The bak referred me to this agency that finds you better rates on insurance when we had our loans combined a year ago. I checked into but do not know the companies names she found cheaper. I knew I could not switch for quite a while and that rates could change at any time so I didn't dige really deep into the matter. If it is a company with out a name that i know to be reputable I will not switch.
My insurance agent really ticked me off when I was seriouslt hurt in that accident last July. I went there a couple days after to see if they found the other persons name out and he said he would like to give me a name of a good atty he heard of. Said he didn;t know the guy personally and never got any throwbacks for referrals. He evn called a week or so later to ask how we (daughter was in with me) were doing and if I contacted that guy yet. I said "no I am not sure if I need an atty." I didn't relize the full extent of my injuries and thought I would just bounce back after a little down time...anyway..This guy...the atty actually called my house and said "i am atty so and so. I am close friends and grew up with Ed up at nationwide. He thought you may need my services" I was pissed and that was putting it mildly. By the way...I didn't get him...sounded too shady for me. |
|
fireyone
Senior member
Joined: 07 Jan 2008
Posts: 1993
2.31 Dollars($)
|
|
| Posted: Thu Oct 30, 2008 1:05 am Post subject: |
|
|
| Quote: | | By the way...I didn't get him...sounded too shady for me. |
Good call...he's a classic ambulance chaser.
_________________
"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr. |
|
Lori
Moderator
Joined: 10 Sep 2007
Posts: 8173
Location: Missouri
287.90 Dollars($)
|
|
