Question
I got in an accident the same day I reinstated my lapsed policy. Will it be covered?
I've been on time on my payments. But in January, my insurance payment lapsed on 1/25/20. But I made a payment on the next workday at noon on 1/27/20, but I had an accident that same morning. Do I have a right to be covered by my insurance?
Answer
It depends on how the policy was reinstated. If they reinstated with no lapse, then you are free to file a claim. If they reinstated with no lapse but had you sign what is called a No Loss letter — which dictates that no accidents had occurred before taking payment — then filing a claim would be considered fraudulent.
Finally, they may have reinstated the policy with a lapse, meaning that anything prior to the time of payment cannot be claimed.
If you have any questions, feel free to ask.
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