American Eagle Insurance Blog
Having a four-wheeler is not only a source of pride but also a practical necessity. However, having lapsed car insurance coverage will get you into problems with the cops, and you will be unable to claim anything from your automobile service provider in the event of an accident.
What is a Lapsed Auto Insurance Policy?
A vehicle insurance policy lapse, like other insurance policies, occurs when you fail to pay your car insurance payment on or before the due date. As a result, your car insurance coverage has lapsed.
What Happens When Your Car Insurance Expires?
Your auto insurance coverage will expire if you do not renew it on time. Automobile insurance coverage usually has a one-year validity period. Therefore, to prevent a vehicle inspection, you must renew it before the required date. This is for the reason that if something goes wrong with your car, you'll have to make do without any financial help.
Hence, when your insurance has been terminated due to non-payment of premiums, you will need to renew your automobile insurance coverage. In this case, if you are unable to renew your coverage with your car, you can contact your insurer to check if you can do it online. Then, you can renew your car insurance.
If Your Insurance Coverage has Expired, There are a Few Things You Should Do
When your auto insurance coverage expires, the first thing you should do is call your insurer. They may be willing to look into renewing your lapsed coverage.
It is essential to remember that your coverage should provide comprehensive and third-party insurance and standalone own damage coverage, and a variety of optional add-ons and personal accident coverage. When renewing or obtaining a new car insurance policy, make sure you have your vehicle's Registration Certificate (RC) and your previous car insurance policy on hand.
Having genuine car insurance coverage is vital in terms of legal and regulatory compliance, the safety of yourself and others, and guaranteeing that you do not have to bear the full cost of any damage to your vehicle.
All in all, you must have a legitimate auto insurance policy while driving as a good samaritan. In this case, you are not only following the law, but you are also ensuring your safety.
At American Eagle Insurance, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (225) 667-7377 or Click Here to request a free quote. The coverage discussed is not guaranteed. Please contact our agents to make sure you have adequate coverage and your needs are being met. We are happy to help!