Insurance policies—home, auto, motorcycle, etc..— can cancel for many reasons. The most likely cause is for non-payment. So can you reinstate a cancelled policy? To put simply: yes, but it depends on your carrier and the specifics of your policy situation.
For starters, personal insurance policies will cancel on the specified cancellation date at 12:01 AM of that day. For example, if your personal policy is set to cancel on Oct. 1st for non-payment then your policy officially cancels at 12:01 AM on Oct. 1st.
Depending on your insurance carrier you may be able to reinstate your policy. Typically you’ll be required to sign a statement of no loss, which if applicable, states that you have had no losses since your policy has cancelled and the requested time of reinstatement.
There are many other factors that can affect your ability to reinstate a cancelled policy. Some insurance carriers may charge a reinstatement fee. Depending on the length of time between your cancellation and requested reinstatement, the amount to reinstate could be higher than your previous bill.
Serving the Commonwealth of Virginia For Over 50 Years!
At Dove Insurance Agency our family of Independent Agents are dedicated to serving you and working with your lifestyle. We’ll educate you on the coverage you need to keep your property and family secure, no matter what the future brings.
Instead of working for one big company, our family of Independent Agents represent multiple insurance providers. This allows us to compare rates and coverages so you’ll get the best coverage-to-value policy available.
We’re here to serve you.
Blacksburg • Christiansburg • Salem • Radford • Roanoke
And the best part, we’re here for you when needs arise such as policy changes, billing questions, reporting claims, or questions regarding coverage.
Let us help.
See what others are saying about our Family of Independent Agents:https://t.co/dB9HYktxQl
— Dove Insurance (@DoveInsurance) September 27, 2021