Your auto insurance will start covering you and your vehicle right after you sign a policy. However, with backdating, the policy begins earlier than when you actually sign it. Will your provider allow you to backdate your auto insurance policy? Let’s find out.
No, because backdating a policy means stating that you have purchased auto insurance before the actual contract date. Insurance providers will not accept making this kind of false statement, as it could spoil their reputation and cause some liability risks. They may have no idea about the accidents/incidents that occurred before the purchase date, so if they backdate a policy without knowing anything about this, they must bear the resulting losses.
Most states mandate every driver should carry some amount of liability coverage. However, some drivers take it lightly and ignore buying auto insurance. Driving without insurance won’t be an issue until you get into an accident that causes serious property damage or bodily injury. An at-fault accident will make you liable for the damages, and in such circumstances, you might want to buy a car insurance policy with backdate to stay covered.
Some other reasons include:
The above-mentioned reasons will make you liable for the losses and damages, so you might want to backdate your auto insurance to get reimbursements. However, auto insurance providers will not backdate your policy for some reasons, including:
If you have a coverage lapse in your auto insurance either because of temporary cancellation or not paying premiums on time, you can still reinstate your coverage by signing a statement of no loss. A no-loss form is a legal document that states no accidents occurred when the policy was inactive, so it prevents coverage for claims made between the cancellation and reinstatement period.
As backdating a policy is impossible, you must avoid the need for it. Buy affordable car insurance, pay your premiums on time, and prevent coverage lapse that eliminates the need for backdating.
If you are looking for all-inclusive auto insurance at an affordable rate, contact us today at Jackstone Insurance Agency, and we will help you find the right policy.
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