1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    Underwriters have latitude.  Some companies will allow back dating of auto policies.  The issue is the potential for a loss arising from the period when there hadn’t been coverage.  The advantage of backdating a policy might be to cover the period so that a lender cannot put coverage in force.  Most companies would be very reluctant to back date an auto policy even with written assurances that there weren’t any potential claims.
    Answered on May 5, 2014
  2. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    That is a great question! The answer will depend upon why it is being backdated. There are very few reasons why an insurer will backdate, and the most common is to keep an age based rate lower for you. They are typically really reluctant to backdate, for fear of unclaimed damage suddenly being claimed. Thanks for asking!
    Answered on May 6, 2014
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