I have a client insured with Access General, he has full coverage and paid in full for a 6 month term. His policy expired on 2/22/12 at 12:01am, at 9:50am his car is stolen and he comes to my office and pays his insurance at 10:50am. The claim was denied based due to lapse in coverage. To my understanding shouldn't the grace period apply? Doesn't the grace period clause apply here?
Or can Access General make their payments due really early before the expiration and make the grace period end on the date of the expiration? Is this a "loophole"? Does my client have any chance against the insurance company in court?
Or can Access General make their payments due really early before the expiration and make the grace period end on the date of the expiration? Is this a "loophole"? Does my client have any chance against the insurance company in court?