Home insurance- Do i still have coverage when i haven't pay?
12 days ago, I went to a new insurance agent to get new home insurance. However, the agent didn't charge me upfront and just took my credit card info. I signed the application for the home insurance document listing all the terms. However, up till now they still haven't charged me any money. My existing home insurance expired 5 days ago. When I called my agent, was told she is waiting for paper works from the insurance company before submitting payment. Was told not to worry, that I am still under coverage. With other insurance that I purchased before they always charge me upfront. Why would an insurance company provide me any coverage when they don't have any payment? Do I currently have any insurance coverage during this application period when they haven't charged me any money?