What happens if I miss a premium payment?

If you miss a premium payment with Standard Insurance Company, the specific consequences may vary depending on your policy and state regulations. In general, it is crucial to make timely payments to maintain your coverage. If you miss a payment, you may receive a grace period during which you can make the payment without any penalties or coverage interruptions. However, if the payment is not made within the grace period, your policy may be at risk of cancellation. This means you will lose all coverage benefits. To reinstate your policy, you may be required to pay any outstanding premiums, along with potential late fees or finance charges. It is important to contact Standard Insurance Company as soon as possible to discuss options and prevent any disruptions in your coverage.