What happens if there are insufficient funds available on the date of deduction from my checking account?
If sufficient funds are not available on the date of the deduction, a second deduction will be attempted four business days later. You will be responsible for any insufficient funds fee your financial institution may charge you in this event. If after the second attempt funds are not available, your financial institution will notify us that they were unable to deduct the premium from your account. If premium is considered past due, we will mail a notice to your home address, allowing you a stated timeframe to send a payment. Depending on when your premium payment was due, your policy may be in danger of lapsing. To ensure no interruption in your insurance coverage you may need to immediately submit your premium payment.
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