reinstatement of insurance
by Angela
I have missed a payment on my insurance, I have received a letter stating that I have to pay before a certain date or insurance will be canceled. I did pay the amount requested and my insurance is now reinstated. My question is when I want to look for a cheaper rate at the end of my contract with a different company, will this effect the rate of my insurance? Insurance Cancellation and ReinstatementHi Angela, If you were without coverage it could have an impact as you will have a non payment on record. But if your coverage did not lapse you'll be fine. It sounds like your coverage was never canceled so it's good. Hope that helps By the way, are your rates too high? Check here: Other Pages of Interest Auto Insurance Rates Toronto car insurance in Ontario Canada Car Insurance Canada Car Insurance Quote Canada Auto Insurance Questions Or Ask another question at Ontario Auto Insurance Questions and Answers Note: Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility. Make sure you review the "please read" page. |