{"id":1406,"date":"2021-08-19T15:31:40","date_gmt":"2021-08-19T15:31:40","guid":{"rendered":"https:\/\/www.consumerschicago.com\/?p=1406"},"modified":"2021-08-19T15:31:40","modified_gmt":"2021-08-19T15:31:40","slug":"the-insurance-lapsed-now-what","status":"publish","type":"post","link":"https:\/\/www.consumerschicago.com\/?p=1406","title":{"rendered":"The Insurance Lapsed–Now What?"},"content":{"rendered":"
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    The Insurance Lapsed--Now What?\n<\/div>\n<\/div>\n<\/div>\t\t\t<\/div>\n\t\t<\/div>\n\t\t
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      The Insurance Lapsed–Now What?<\/h3>
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      \nBy JD Glass\n

      \nThe insurance lapsed--now what? Well, if you drive, you need car insurance, it\u2019s that plain and simple. Illinois, like most states, requires drivers to be covered, and it\u2019s up to you to keep your enrolled status. So what happens if your coverage is cancelled? How does that happen? And are there penalties?\n\t

      \nDrivers without active insurance coverage can be penalized. So why would coverage lapse?
      \n1: Non Payment.
      \nInsurance isn\u2019t free. When you get your policy, you get a bill that is your monthly premium--an amount that varies from driver to driver.\nYou can choose what time frame to pay in, whether it\u2019s monthly, quarterly, or even yearly. But no matter what, you DO have to pay on time.
      \nFact is, if you don\u2019t, the insurer can and most likely will cancel your policy. Generally, they do give you time and notice, but if you don\u2019t follow up and follow through, your coverage will almost definitely terminate.\nTake a moment to ask your company what are the options available to you that will help make paying your premium easier, whether it be automatic payments from your bank, an email reminder so you can pay online, or even setting a regular date in your calendar app on your phone.
      \nFrom tying a string around your finger, to training a parrot to repeat \u201cpay your car insurance!\u201d just be certain to get your payment in before the due date.

      \n2: Lapsed Renewal
      \nYour car insurance policy only lasts for certain amount of time; it\u2019s set up that way so that when you periodically renew, you can also review what your coverage is, to be sure that you always have enough coverage.
      \nThe majority of folks choose yearly, which means every twelve months, they renew and review. But, others renew every six months, and some even go from month to month.
      \nWork with your company to determine which is the best time frame for you--and if you\u2019re not sure about \u201cwhen,\u201d then call or email your insurer before the deadline and ask--someone will be happy to help you. It can even be set up automatically, and you won\u2019t have to worry about it.

      \n3: Too High Risk
      \nEvery person who gets a policy is evaluated for risk, or how likely you--or someone under the policy--is likely to file a claim on it, and yes, higher risks tend to pay higher prices. All sorts of factors go into determining this, from your driving record to the value of the car.
      \nBut sometimes, some drivers are too much of a risk. This can be because there\u2019s been too many claims on your policy, and the company might actually sustain too much of a loss by covering you (and yes, this could mean cancelled coverage).
      \nStill though, if things come to that, your insurance company does have to notify you ahead of time, giving you time to look for and find a new policy, so that you won\u2019t be uninsured. But...be a safe driver, and avoid this scenario.

      \n\nWhat Happens If I Drive Without Insurance?
      \nSince every state (with the exception of Vermont, who does require you prove you can financially cover an accident if it happens), there are definite long-term negatives, from:
      \nThe insurance company learns that this happened, and decides you\u2019re too high risk, which means your policy cost may increase.
      \nLaw enforcement can ticket, suspend your licence, or levy fees from the state, and these increase in amount as the number of offenses increase. Too much and too far can and will result in jail time.
      \nSR22 Requirement: this is a form that the state requires that lets them know you actually do have live and active coverage--and it\u2019s the insurance agency who provides it and files it with your state. This necessity usually lasts for a few years and you must have active coverage the entire time. Of course, since you have to have an SR22, this signals to the insurance company that you\u2019re a higher risk, so there\u2019s a good chance you\u2019ll pay a higher premium.
      \nAs an upstanding member of society who cares not only about themselves, but also others, it is absolutely essential that you have the appropriate auto insurance. At the end, it personally benefits you, because it will protect you when you need it. Contact your insurance company, and make sure you\u2019re covered.

      \nwww.consumerschicago.com\n

      \nGet your quote here!<\/a><\/div><\/div>
      \"\"<\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"

      The Insurance Lapsed–Now What? The Insurance Lapsed–Now What? By JD Glass The insurance lapsed–now what? Well, if you drive, you need car insurance, it\u2019s that plain and simple. Illinois, like most states, requires drivers to be covered, and it\u2019s up to you to keep your enrolled status. So what happens if your coverage is cancelled?…<\/p>\n","protected":false},"author":1,"featured_media":1313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"footnotes":""},"categories":[1],"tags":[5,7,6,3,9],"class_list":["post-1406","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-uncategorized","tag-bundle","tag-car","tag-chicago","tag-insurance","tag-teen","post_format-post-format-image"],"_links":{"self":[{"href":"https:\/\/www.consumerschicago.com\/index.php?rest_route=\/wp\/v2\/posts\/1406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.consumerschicago.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.consumerschicago.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.consumerschicago.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.consumerschicago.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1406"}],"version-history":[{"count":3,"href":"https:\/\/www.consumerschicago.com\/index.php?rest_route=\/wp\/v2\/posts\/1406\/revisions"}],"predecessor-version":[{"id":1417,"href":"https:\/\/www.consumerschicago.com\/index.php?rest_route=\/wp\/v2\/posts\/1406\/revisions\/1417"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.consumerschicago.com\/index.php?rest_route=\/wp\/v2\/media\/1313"}],"wp:attachment":[{"href":"https:\/\/www.consumerschicago.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.consumerschicago.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.consumerschicago.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}