What happens if I miss a payment on my policy?

If a customer misses a payment on their policy with Morrison Insurance Agency, several things may occur depending on the terms of the policy and the specific circumstances surrounding the missed payment. Typically, a grace period is provided, allowing a customer some extra time to make the payment without facing immediate repercussions. During this grace period, coverage usually continues as normal. However, if the payment is not made by the end of the grace period, the policy may be considered delinquent, which can lead to a lapse in coverage. This means that any claims made during the period of non-payment will likely be denied. Additionally, the agency may charge a late fee, which could increase the total amount owed. It is important that customers understand their policy terms regarding payments and lapses in coverage. Each policy can have different rules and stipulations, so reviewing the specific terms of the policy or checking the Morrison Insurance Agency's website for further details can provide clarity on such situations. Being proactive about payments and communicating any potential issues with timely payment is advisable to avoid complications.