What happens if I miss a premium payment?

If you miss a premium payment for your Physicians Mutual Insurance policy, there are certain actions that may take place. Initially, you will receive a notice reminding you of the missed payment. You will have a grace period, typically 30 days, to make the payment and reinstate your policy without any penalties or coverage interruptions. If the outstanding premium remains unpaid after the grace period, your policy may be subject to cancellation. In such cases, you may lose the benefits and protection provided by the insurance policy. It is crucial to promptly address missed premium payments to ensure that your coverage remains intact and to avoid any potential gaps in your insurance protection.