Posted On: November 17, 2006, 12:53 pm CST

Posted By: Ray

So - their flood policy was set to lapse on August 14th (a Sunday) and they dropped of the payment in the mail slot of the agent's office. Likely story. They would have had sufficient notice that the policy was to lapse, so why did they wait until after the agent's office was closed to drop off the payment. There is no proof of when they dropped it off, and that is probably what they were planning on. Obviously, the agent is not open on Sunday, and probably not on Saturday so we can assume tht the earliest the check was dropped off was Friday after the agency closed. What did they expect?

As for the 30 days - that is the law! Neither the agency not the writing company can waive the federal requirements.

Why do these folks who have ignored their first and perhaps second billing notice and then wait until the cancellation notice and drop off a check that would probably not been seen until after the policy lapsed think that they can expect consideration. They were responsible for the lapse in coverage, not the agent. But, hey, he probably has a good E&O policy so let's get a lawyer going after his big chunk of the pie.