Advertisement
auto insurance dictionary
Last Articles
- A young blonde female stock broker
- I was in a car dealership a while
- A woman answered the knock
- What will they call
Last News
Lapse
The expiration of a right or privilege when one party does not live up to its obligations during the time allowed. A lapse in auto insurance coverage may result in paying higher premiums for a new policy, because insurers have determined that drivers who maintain continuous coverage are less likely to make an insurance claim that those who let a policy lapse.
Tags: lapse