Answer
Reinstatement simply means getting your coverage back to active. Most policies cancel when payments are not received on a timely manner, causing a policy to cancel (no coverage). Once payment is received, a company will usually reinstate a policy, sometimes without lapse (depending on how many days the polilcy has been cancelled).
First answer by Pmanabq08. Last edit by Pmanabq08. Contributor trust: 35 [recommend contributor]. Question popularity: 34 [recommend question]
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What is reinstatement? What is reinstatement mean? What is a loan reinstatement? What is replying for reinstatement? Evidence of reinstatement only mean? Example of reinstatement in fire insurance?
