Lapse in coverage

diem · Posted: Wed Feb 20, 2008 2:24 pm Post subject: Lapse in coverage

Each time I've applied for insurance I have been asked if I currently have insurance or have had a lapse in insurance.

Does this affect the price of the insurance in any way? Are they possibly phishing for info on whether you may or may not have been driving uninsured?

hobowitharolex · Posted: Thu Feb 21, 2008 2:38 am Post subject:

hopefully my first post will help you out!

A large majority of auto insurance carriers will not write you a policy if you have had a lapse in coverage. Some companies such as Progressive will gladly accept your business.

As far as any increase in price I would say yes, by eliminating companies that are willing to give you a quote you are possibly missing out on a better price.

Darla Heins · Posted: Thu Feb 21, 2008 5:52 am Post subject:

CLaudeDeWillams · Posted: Thu Feb 21, 2008 6:53 am Post subject:

Yes, they wanna get the true picture out of your finances...payments defaults, wrong claims, false informations...all of these acts may reduce their underwriters' confidence while sanctioning your policy Smile

Lapse in coverage

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