An insurance company can only cancel your policy for good reason. If you are late making your payments, they may drop you. Though there might be a grace period, it will depend on the company or type of insurance you have. Different companies handle this differently. Also, Auto, Life, Health, and Home policies have different rules regarding late payments. If you lie to an automobile insurance company about the distance you drive car, you could also end up being dropped. Other lies you want to avoid are dangerous hobbies such…
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