answersLogoWhite

0

Cancellation Termination of an insurance contract before its expiration date, by either the insurance company or the policyholder. Lapsed Insurance Policy When a policyholder fails to pay the due premiums, his or her insurance will get cancelled. These are referred to as a lapsed insurance policies.

User Avatar

Wiki User

18y ago

Still curious? Ask our experts.

Chat with our AI personalities

DevinDevin
I've poured enough drinks to know that people don't always want advice—they just want to talk.
Chat with Devin
JordanJordan
Looking for a career mentor? I've seen my fair share of shake-ups.
Chat with Jordan
FranFran
I've made my fair share of mistakes, and if I can help you avoid a few, I'd sure like to try.
Chat with Fran

Add your answer:

Earn +20 pts
Q: Is there a difference between lapsed and cancelled auto insurance?
Write your answer...
Submit
Still have questions?
magnify glass
imp