What to do if car insurance has lapsed for 6 months?
1 Answers
It is recommended to renew the car insurance as soon as possible if it has lapsed for 6 months. Here are the specific details about vehicle insurance lapse: 1. Renew the insurance promptly after the vehicle insurance lapses: If the lapse is within three months, it generally does not affect the premium. If the lapsed vehicle needs to be insured for collision coverage, a vehicle inspection photo must be provided simultaneously. This is an underwriting requirement by insurance companies, mainly to avoid future claim disputes and moral hazards. If the lapse is only for one day, some companies may not require this, but specific details depend on the underwriting rules of the insurance company. If the lapse exceeds three months, the premium will be adjusted to the standard rate without discounts, applicable to both compulsory traffic insurance and commercial insurance. 2. Failure to renew lapsed insurance may result in vehicle impoundment and penalty points: If the vehicle insurance lapses and is not renewed in time, the vehicle may be impounded and penalty points may be issued if caught by traffic police. In case of an unfortunate accident, all losses must be borne by the owner. When renewing insurance for a lapsed vehicle, immediate policy activation can be requested, which is supported by most companies.
