Auto and Home Insurance is going up nationally and especially in New York State. If you have a lapse in auto insurance coverage it will be extremely difficult to secure affordable coverage and in some cases any coverage at all. Most insurance companies require you to have current insurance in place before switching to another carrier. If you do not currently have insurance, you will be denied by most companies.
How did this happen? There are a lot of answers, but the main reason is cost effectiveness. Insurance companies lose money from bad risks and the less bad risks they insure – the more profitable they are. You will be seen as a bad risk if you do not currently have insurance coverage for the last year or two. Some insurance carriers will charge a higher premium if your coverage was cancelled or lapsed. That is if they can underwrite you at all.
If you get a cancellation notice from your insurance company, Do Not Ignore this Letter!!! Your best option is to try to keep your existing coverage. Contact them and ask if you can stay by making a payment (and late fee if any). Your immediate next step is to start looking for other coverage. Remember you need to have coverage in order to change your coverage.
As an Independent Agency, Eastway can offer many insurance companies, allowing us to shop for the best coverage and lowest rates. If you have questions about Auto or Home insurance we will go out of our way to answer you. We are immensely proud to celebrate our 40th year supporting our community. Founded by the late Patrick Saulino in 1983, we are family owned and operated and we love what we do! We have helped thousands of people save money and this motivates us to help more. We get excited when we can be a part of making life easier for anyone. The right attitude can make a lifetime of difference.
Please reach out to us by email: firstname.lastname@example.org or by call (585) 586-2390 and we will go out of our way to help you.
Link to New York State Department of Financial Services for more information: https://www.dfs.ny.gov/consumers/auto_insurance/cancellation_and_renewal