Florida Auto Insurance Reinstatement:

Reinstatement refers to process whereas a lapsed policy (for any reason such as non-payment of premium) is restored to full force and effect. This invariably means all the privileges that you receive as a policyholder are intact and you will be eligible to receive any benefits that the policy provides in case you meet an accident or mishap in future.

Insurance companies do lay some conditions for reinstating an auto insurance policy. Some of the conditions that can be laid are evidence for eligibility to receive coverage, payment of due premiums plus the applicable interest. Majority of the insurance companies reinstate the policy from the date on which it was cancelled. Thus, there is no lapse in coverage in such an event. The insurance companies however ensure that there are no losses during the period of lapse and you cannot request claim from the insurance company for the losses that occurred during period of lapse.

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