The renewal process is just as easy for a
lapsed policy, with inspection within one-hour of policy expiration and receipt of new policy on the same day.
"But if we have issues such as
lapsed policy renewals, it could put a strain on the industry going forward.
About 20 minutes after the collision, Whittecar's husband renewed the
lapsed policy on her car and she filed a claim for the damage to her car the next day.
Now, there is a dharam sankat-should he leave his action movie midway or work towards renewing his
lapsed policy? With a heavy heart, he goes with the second option.
The firm said that the facility would enable customers to reinstate a
lapsed policy and pay their premium online.
Between incurring penalty charges and losing life insurance coverage due to a
lapsed policy, the tendency would be just to lose the policy coverage.