There are a few things to consider if you have had a lapse in coverage on your car insurance. One of the most important things is to find new insurance as soon as possible. This article will help you navigate the insurance world so that you can secure insurance quickly and knowledgeably.
Penalties
Maryland will issue you a FR-19 if they are notified that you have had a lapse in your coverage. It is important to secure new insurance ASAP. The initial fee is $150. After 30 days of a continuous lapse of coverage the fee increases by $7 a day.
Insurance Carriers
There are only a few insurance carriers that will consider you for coverage if you have had a lapse in insurance. Most companies require continuous coverage of 1 year. These are what we refer to as preferred carriers.
We have access to insurance companies that will help you if you have had a lapse in insurance. These companies include Safeco, AIC, Kemper, and Progressive.
Conclusion
If you’ve had a lapse in coverage it is important to get coverage ASAP. We can help you with the process. We make it easy for our clients.