Question

Your insurance company can cancel your policy after 60 days for: A. Being involved in a collision B. Failing to make payments C. Getting a traffic ticket

Answer 1

Your insurance company can cancel your policy after 60 days for failing to make payments.

Answer: Option B

Explanation:

Insurance requires payment of premium to the company in order to maintain the policy alive. If there are any defaulters in payments, companies usually give sixty days for the payee to pay and recover the costs.

If the payee fails to pay the amount, the insurance company has the authority to cancel the insurance policy of that individual. This means that that payee must get an insurance policy in some other insurance company.

Answer 2

B) Failing to make payments