The law requires that every driver on the road has a certain level of auto insurance coverage for their vehicle. However, sometimes life gets in the way and this coverage lapses. Buying auto insurance after a lapse in coverage is not impossible, but it might create a few unexpected challenges. If you need to purchase insurance after a break in coverage, learn what you might face.
Increased Down Payment
Generally, insurance companies will require a down payment on any new insurance policy.
When buying auto insurance, you will have a lot of decisions to make, including the types and amounts of coverage you prefer for your vehicle. After making these decisions and choosing a policy, the company will send you details about your policy. One of the documents you will receive is called a declaration page, and here are some important things to know about this vital document.
It Is a Summary