Meaning Policy Lapse
What does Policy Lapse mean? Here you find 3 meanings of the word Policy Lapse. You can also add a definition of Policy Lapse yourself

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Policy Lapse


 A point in time when a policy has been canceled or terminated for failure to pay the premium, or when the policy contract is void for other reasons.
Source: carinsurance.com

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Policy Lapse


The termination of an insurance policy because of nonpayment of renewal premiums.
Source: maritimefinancial.com

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Policy Lapse


Any period of time in which your car is not insured. Policy lapses result in higher rates.
Source: carinsurancerates.com





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