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What are the consequences of not paying the premiums on my car insurance? Am I uninsured until I pay, or am I still covered but simply have to deal with debt collection, etc?
Hi there,
Failure to pay premiums for compulsory liability car insurance can lead to your license plates being confiscated by traffic authorities.
Failure to pay your collision insurance or comprehensive insurance premiums after receiving a payment reminder results in a penalty fee being added to insurance premiums. You insurance is placed on hold until premiums are paid.
Best regards from Moneyguru
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