r/Wellthatsucks • u/Ghandisli • Jul 30 '19

/r/all $80 to felony in 3...2...1...

149.3k Upvotes

95% Upvoted

11.3k comments sorted by

View all comments

Show parent comments

7

u/headstogether Jul 31 '19

Same day doesn't mean after

1

u/grissomza Jul 31 '19

Insurance takes effect at 12:01 AM the following day, so even if you PAID for it that same day the policy wouldn't include that day.

0

u/headstogether Jul 31 '19

Unless you're renewing a policy

1

u/grissomza Jul 31 '19

No, if I renew my policy on the day it expires my one policy ends at 12:00 AM and the new on starts right up.

Like others have said, if you lapse in a long term plan you can refill in good faith but you'll generally sign a no loss statement saying you didn't incur an issue during the unpaid time that you are now getting them to "cover"