What to do when your car insurance lapses

What to do when your car insurance lapses

 

What to do when your car insurance lapses
What to do when your car insurance lapses

The scariest thing that you could have happened to you is your insurance lapse and you don't know about it and then they turn around and you get an accident that's, probably the worst thing, because now you are completely responsible For that entire accident, you're, a hundred percent out-of-pocket that could cost you everything.

If you want to know how to avoid this or prevent this in the future watch this video it's, gonna be less than nine minutes. Let's. Go there's, a lot of reasons that insurance lapse. The most common reason is you have a credit card on file and the card expires.

You don't make that payment. You never receive that letter or never notice that letter, so you don't get the information on time. If you're on like a paperless statement, typically, they'll send you an email and if you don & # 39, t read the email or it goes into spam.

It just never gets to you other ways. Are you just can't pay for it? You miss the payment, and now your two payments behind you just don't know what to do there's. A few things you got to do. The biggest thing is you got to make you got it, you got to go head-on with it.

If you ever go to the DMV org, they're gonna tell you the exact same thing. I'm telling you right now. You're gonna have fees in that situation. If you do, the best way is to just go right at it. Try to get the fees taken care of, even if you have to do on a credit card because it can hurt you longer down the road.

The longer you go with that, the more fees, the more penalties, the more tickets you're gonna get, and the worse it's going to be for you. The most common reason I see insurance lapse is because the credit card that you put on file, if you're on an auto-pay, it expired and you never call the insurance company to tell them that you had a different expiration date.

That's a huge huge thing that insurance that's, why it's, always smart to put a checking, account or routing and account number on file, because that will never expire. If you trust a company that you're with, you know that they're gonna take care of you.

If the rate goes up, they're gonna. Send you a notification, so keep an eye on that when it gets close to renewal time every six months or every year, depending on how long your insurance is they'll. Send you about three weeks to four weeks in advance, an updated copy here's.

Any changes that have happened, the rate went up or the rate went down. It usually goes up, but the rate went up fifty dollars every month, so it's every six months, so it's. Gonna cost you nine dollars or whatever that extra cost is a month there's.

A lot of penalties I mean in Florida certain states they'll revoke your license because the insurance company is tied to the DMV they communicate. Okay. So when you don & # 39, t have insurance, they're gonna say do he doesn't have insurance and they're gonna, say: oh, send a letter out or notify this customer.

They've got 30 days to get insurance, otherwise revoking their license. One of the worst phone calls that I do get is somebody that didn't realize their insurance has lapsed. They didn't notice, notice.

The notification in the mail that their insurance they had 30 days to get their insurance back and then they get pulled over. They lost their license right then, and there, or they find out that their license has already revoked most police officers that I've talked to are pretty lenient in that situation.

If you're, not a typical person who has normal tickets or other suspensions, and things like that, they're, typically going to give you a warning, but they don't have to some of them, might give you a Driving without insurance - and that is a major violation with insurance, so your rate just keeps climbing.

Every time you get these tickets, you got a no insurance elapse. So now you're, high risk or higher risk because you haven't made the payment. You also got a driving while suspended and you have a license suspension and if you get your license back, you have a license.

Reinstatement! You've, now got four tickets on your license. The reinstatement is not that big of a deal some states don't even count it or care about it. So don & # 39. T worry about that part, but the license suspension is a major violation.

Driving without insurance is a major violation. Not having prior insurance isn't a violation, but it is a huge huge discount on insurance. If it's, not the most cost-saving thing on insurance, it's in the top three, the difference between having insurance and not having insurance.

If you're, not more than six months is still a deal. So if you have insurance today and you've only been with the company, you just bought a car. Last week you've only had a week of the insurance, and you find another company to go to.

You will get a better discount because you, even though you've been with them for a week, you'll still have prior insurance, so that will still lower the risk of that company. If you don & # 39, t have insurance get the first thing you can find.

If it's, affordable get it and then spend your time shopping around, because now you're at least one. You're, not going to lose your license. If you haven't already, but two you're able to drive in three when you're calling these companies you can confidently say I have insurance, I & # 39.

The scariest thing that you could have happened to you is your insurance lapse and you don't know about it and then they turn around and you get an accident that's, probably the worst thing, because now you are completely responsible For that entire accident, you're, a hundred percent out-of-pocket that could cost you everything.

If you want to know how to avoid this or prevent this in the future watch this video it's, gonna be less than nine minutes. Let's. Go there's, a lot of reasons that insurance lapse. The most common reason is you have a credit card on file and the card expires.

You don't make that payment. You never receive that letter or never notice that letter, so you don't get the information on time. If you're on like a paperless statement, typically, they'll send you an email and if you don & # 39, t read the email or it goes into spam.

It just never gets to you other ways. Are you just can't pay for it? You miss the payment, and now your two payments behind you just don't know what to do there's. A few things you got to do. The biggest thing is you got to make you got it, you got to go head-on with it.

If you ever go to the DMV org, they're gonna tell you the exact same thing. I'm telling you right now. You're gonna have fees in that situation. If you do, the best way is to just go right at it. Try to get the fees taken care of, even if you have to do on a credit card because it can hurt you longer down the road.

The longer you go with that, the more fees, the more penalties, the more tickets you're gonna get, and the worse it's going to be for you. The most common reason I see insurance lapse is because the credit card that you put on file, if you're on an auto-pay, it expired and you never call the insurance company to tell them that you had a different expiration date.

That's a huge huge thing that insurance that's, why it's, always smart to put a checking, account or routing and account number on file, because that will never expire. If you trust a company that you're with, you know that they're gonna take care of you.

If the rate goes up, they're gonna. Send you a notification, so keep an eye on that when it gets close to renewal time every six months or every year, depending on how long your insurance is they'll. Send you about three weeks to four weeks in advance, an updated copy here's.

Any changes that have happened, the rate went up or the rate went down. It usually goes up, but the rate went up fifty dollars every month, so it's every six months, so it's. Gonna cost you nine dollars or whatever that extra cost is a month there's.

A lot of penalties I mean in Florida certain states they'll revoke your license because the insurance company is tied to the DMV they communicate. Okay. So when you don & # 39, t have insurance, they're gonna say do he doesn't have insurance and they're gonna, say: oh, send a letter out or notify this customer.

They've got 30 days to get insurance, otherwise revoking their license. One of the worst phone calls that I do get is somebody that didn't realize their insurance has lapsed. They didn't notice, notice.

The notification in the mail that their insurance they had 30 days to get their insurance back and then they get pulled over. They lost their license right then, and there, or they find out that their license has already revoked most police officers that I've talked to are pretty lenient in that situation.

If you're, not a typical person who has normal tickets or other suspensions, and things like that, they're, typically going to give you a warning, but they don't have to some of them, might give you a Driving without insurance - and that is a major violation with insurance, so your rate just keeps climbing.

Every time you get these tickets, you got a no insurance elapse. So now you're, high risk or higher risk because you haven't made the payment. You also got a driving while suspended and you have a license suspension and if you get your license back, you have a license.

Reinstatement! You've, now got four tickets on your license. The reinstatement is not that big of a deal some states don't even count it or care about it. So don & # 39. T worry about that part, but the license suspension is a major violation.

Driving without insurance is a major violation. Not having prior insurance isn't a violation, but it is a huge huge discount on insurance. If it's, not the most cost-saving thing on insurance, it's in the top three, the difference between having insurance and not having insurance.

If you're, not more than six months is still a deal. So if you have insurance today and you've only been with the company, you just bought a car. Last week you've only had a week of the insurance, and you find another company to go to.

You will get a better discount because you, even though you've been with them for a week, you'll still have prior insurance, so that will still lower the risk of that company. If you don & # 39, t have insurance get the first thing you can find.

If it's, affordable get it and then spend your time shopping around, because now you're at least one. You're, not going to lose your license. If you haven't already, but two you're able to drive in three when you're calling these companies you can confidently say I have insurance, I & # 39.

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