1. 1265 POINTS
    Drew Delaney, J.D., CLCS
    Commercial Lines Producer, Secure Investors Group, INC, Troy, Michigan
    I will keep this brief - nothing good.

    From the date on your cancellation notice you no longer have physical or liability coverage.  Meaning, no one will pay for your car to be repaired and if you injure someone else on the road you have no liability suit protection.  

    Furthermore, if you live in Michigan, like I do, driving without no-fault insurance subjects you to a penalty of $200 - $500 and up to three points on your license.  

    Finally, if you lease your car and it is part of the agreement to maintain full coverage, lapse in the coverage is a breach of the contract and can cause the car to be repossessed.
    Answered on July 30, 2013
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