Will auto insurance companies try to lapse you if you leave them
I heard that auto insurance companies will cancel your policy, causing you to lapse, if they find out you are leaving them, is that true? I am planning on buying a new auto policy this week that will go in effect on Apr 1 and faxing in my request to cancel my current policy on that same day, am I safe?
Tomto answer
Yes, you’re safe, it’s against the law for the company to just cancel you for no reason before that time. I know that in my state (and I believe most others) they are required to give you at least 30 days notice of canceling your policy unless it is for nonpayment of premium.
Source(s):
Have been working in the industry for 2+ years.
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