If you had a wreck and your policy needed to be renewed and you got it renewed the day of the incident do you pay out of pocket?

Either your policy was valid or it wasn't. If your company has no grace period and you paid your renewal premium after your accident you may very well not have coverage. This is why it is a good idea to make sure your payments are a few days early.

Most policies start and expire at 1 minute after midnight on a given date. If "needed to be renewed" means you had received a renewal notice, these are usually sent a month or more before expiration. If you have had the notice for more than a month, you probably had no insurance when you had the accident, but your company MAY give you a 15 day grace period.

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