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5 Jan 2010My home insurance canceled for nonpayment because bank froze my account at the same time I processed my payment and I did not know till it was to late and my payment was rejected. I took care of the bank problem and my account is unfrozen and the cancelation letter states that the cancelation takes effect June 24 at 12:01 Am. If I call them and explain what happened monday morning do you think they will reinstate the policy if I make the payment again and it clears my bank this time?
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3 Responses to Home Insurance Canceled For Nonpayment Because Bank Froze My Account?
mbrcatz
January 5th, 2010 at 3:26 pm
Most of the time, yes. Look at the cancellation notice – does it say ” if payment is received before cancellation date we will rescind this notice”?
You might want to play it safe and drop the payment off at the agent’s office. Ask for a signed, dated receipt. But after a NSF check, they’ll want a money order or certified check – they won’t want a regular check.
Zarnev
January 5th, 2010 at 4:59 pm
They will reinstate the policy if you pay prior to the cancellation. They will probably require a credit card payment or a payment by phone.
LI Guy
January 5th, 2010 at 5:44 pm
If you dont have any previous losses they will probably reinstate the policy. Basically, if you’re a money maker for them they will reinstate.