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Old 12-29-2019, 10:15 AM   #1
saj 2908
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Default Insurance claim 21 days after failure to pay bill

NY

Does the insurer still have to pay if I make a claim during the 30-day grace period after I failed to pay the bill?
Thank you.
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Old 12-29-2019, 10:53 AM   #2
adjusterjack
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Default Re: Insurance claim 21 days after failure to pay bill

Depends. What makes you think you have a 30 day grace period after failing to pay the bill?

What did the people at your insurance company say about paying your claim? Did they deny it? Did they deny it in writing? Did they give you a reason? What was the reason?
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Old 12-29-2019, 01:22 PM   #3
AFFA
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Default Re: Insurance claim 21 days after failure to pay bill

I wish to inform you that under N.Y. Ins. Law ยง3425(a)(10)(McKinney 2000), there is a fifteen-day "grace period" during which the insured may pay the premium. However, while an insurer may make cancellation effective on or after the renewal policy's effective date, it may not cancel the renewal policy prior to the renewal date. You may contact an attorney and seek guidance.

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Old 12-30-2019, 07:24 AM   #4
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Default Re: Insurance claim 21 days after failure to pay bill

The purpose of grace period itself is to provide the policy holder to regularize the payments and avoid unfair cancellation. Grace period gives you a fair chance to pay your bill when circumstances outside your control delay your payment. Therefore, usually, a claim made during the grace period shall be valid. An insurance grace period is not the same as an insurance waiting period, which is the amount of time you must wait before your coverage goes into effect. Because each insurance company has its own occasional updates, its always better to check with the company directly.
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