Car insurance lapse grace period ny

What's a car insurance lapse grace period? What's a car insurance lapse grace period? Missing a car insurance payment can lead to a coverage lapse, but many policies have a grace period. A grace period provides extra time to make up missed payments without risking policy cancellation.

An insurance lapse means that there is no liability insurance coverage for a vehicle registered in New York State for a period of time. If there is a lapse of insurance for a vehicle registered to you, the DMV can suspend your registration and driver license. What can cause an insurance lapse?

Depending on your car insurance company, your grace period can vary from 24 hours to 30 days. If your car insurance lapses, you have to either purchase a new policy or try to reinstate the cancelled policy. You may be able to reinstate a cancelled car insurance policy by filing a no-loss statement and paying a reinstatement fee.