1. 105 POINTS
    Jeff Perkins
    Tustin Insurance Agency, Tustin, CA
    It begins on the policy's effective date which is listed on the declarations page. It can often be dated in the future but cannot be backdated. Usually the auto policy begins once the insurance company has all material facts, a signed application, the initial payment, and any other documents required for binding.

    Since the effective time of all policies is 12:01 AM, many will extend coverage at no charge for a portion of one day while making the official effective date the next day as 12:01 AM.
    Answered on April 11, 2013
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