Insurance is cancelled for numerous reasons, but one that is avoidable is forgetting to pay the premium. I have a good wife who handles all our finances. She keeps her fingers on things like this. But not all of us are super-efficient and many have a myriad of responsibilities. We have had several cases recently where insurance was cancelled because a client failed to pay. If we are aware of a late payment, we do call you. The best way to avoid late payments is to get on a “Sure Pay” system where your insurance premium is automatically deducted from your checking account. I have one friend who developed a serious medical problem while insured, forgot to make a monthly payment, and was then cancelled from her insurance. Due to her medical problem her insurance company denied her coverage when she reapplied. She was uninsured due to forgetting to pay her premium and uninsurable due to a new medical condition. The best way to guarantee your policy will not be cancelled is to pay your premium through an automatic bank withdrawal program.
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