Insurance companies often use missed payments to cancel contracts, although there are usually specific legal provisions for notification, coverage, and fees ass

Insurance companies often use missed payments to cancel contracts, although there are usually specific legal provisions for notification, coverage, and fees associated with late renewals. On an unrelated note, I once had an auto-renewing contract for $2/year renew at $40. It was interesting because the $2 subscription was on a now expired credit card from one bank and the $40 subscription appeared on a different card with a different number from a different bank. The transaction was considered illegal by MasterCard.