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Here's why many premium lapses are preventable
By Sarah WoodardA premium lapse is often the result of an avoidable failure earlier in the policyholder experience.
News and information for property & casualty insurance agents & brokers on coverage and policy issues, including policy analysis related to whether a client’s loss is covered. Coverage questions are answered as to who is liable in the event of a loss, in order to most effectively serve the client when a claim is filed.
A premium lapse is often the result of an avoidable failure earlier in the policyholder experience.