The short answer
US insurers price 'continuous coverage' as a rating factor. A 1-day auto lapse can raise premium 8–25% for 3 years. Mortgage lenders force-place home coverage after a lapse — 3–5x normal cost.
Frequently asked
- How do I fix it?
- Reinstate with the same carrier if within grace period; otherwise shop widely and ask about 'prior insurance credit'.
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