A #lapse in #insurancecoverage refers to a period during which no insurance protection is in effect. This can happen if a policyholder fails to pay their premiums on time or if the policy is cancelled and not renewed. During a lapse, the policyholder is not covered for any claims that might arise, which can leave them financially vulnerable.

For example, if your auto insurance policy lapses and you get into an accident during that time, you would have to cover all the costs out of pocket.

Do you have any specific questions about lapses in coverage or how to avoid them?

Sincerely,

Harpreet Singh, Most lovable ❤️ Insurance Broker in Ontario

Phone – 6476217890

Email – insurancechampion@outlook.com

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