The document explains that a lapse in insurance coverage occurs when a payment is missed and there is no grace period, leaving the insured without benefits. Consequences of an insurance lapse can include legal penalties, driver's license suspension, and inability to file claims. To avoid lapses, it is advised to make premium payments on time and explore discounts for better affordability.

1. What is an Insurance Lapse?
PoliSeek Insurance Search Engine
PoliSeek lets you shop various insurance carriers' rates and instantly receive
quotes on varying insurance products and coverages. While you are retrieving
your instant auto insurance quote, check into the other products PoliSeek can
offer you. You may able to save money by taking advantage of multi-policy
discounts. Whatever your insurance needs, we have you covered.
PoliSeek © 2012

2. Policy Payments and Insurance Lapse
 If you miss an insurance payment, and you are not protected
by a grace period, you will have a lapse in coverage
 During a lapse, you have no access to insurance benefits.
 Experiencing a lapse in coverage for auto insurance is a cause
for serious concern because of the consequences involved.
PoliSeek © 2012

3. Potential Penalties
Although you may try to reduce expenses by neglecting premium
payments or cancelling your auto insurance altogether, doing so
could result in the following penalties:
 Legal consequences
 Suspension of driver’s license
 Inability to file an insurance claim
PoliSeek © 2012

4. Legal Consequences
Every state has laws mandating a minimum amount of auto
insurance coverage. Depending on your state’s laws, you could
face serious legal penalties for failing to carry insurance, such
as:
 fines
 jail time
 vehicle impoundment
PoliSeek © 2012

5. Driver’s License Suspension
 When you are unable to produce proof of auto insurance to a
police offer, a common penalty is a license suspension.
 If your driver’s license is suspended, you are not permitted
to drive.
 Driving with a suspended license, you could potentially face
fines and/or jail time.
PoliSeek © 2012

6. Inability to File a Claim
 If you get into an auto accident of any kind without insurance, you
will be responsible for 100% of the resulting costs.
 Without auto insurance, you put yourself at risk for great
financial losses.
PoliSeek © 2012

7. Avoiding Insurance Lapses
 You can avoid a lapse in insurance by always paying your premium,
in full, on time.
 At PoliSeek, we research a variety of insurance discounts that
you’re eligible for.
 This saves you money and gets you a manageable insurance
premium.
PoliSeek © 2012

8. PoliSeek
Disclaimer: This content is offered for educational purposes only and does
not represent contractual agreements. The definitions, terms and coverages
in a given policy may be different than those suggested here and such policy
will be governed by the language contained therein. No warranty or
appropriateness for a specific purpose is expressed or implied.
PoliSeek AIS Insurance Solutions, Inc., CA insurance license #0F51713
PoliSeek © 2012

9. PoliSeek
Contact Us
PoliSeek provides you with competitive rates from multiple
insurance companies in order to find you the best combination of
price and coverage
• Visit the PoliSeek website to search for insurance quotes
• Take a look at the PoliSeek insurance blog
• Contact us if you have insurance questions. Representatives are
standing by:
– Sales: 866-540-7335
– Service: 866-500-7335
– Español: 866-490-7335
• Connect with us on the PoliSeek Facebook Page
• Follow the PoliSeek Twitter channel for new content updates
PoliSeek is a registered service mark of PoliSeek AIS Insurance Solutions, Inc., CA insurance license #OF51713