Reinstating your policy with OCHO works a little differently than with traditional insurance. This is because OCHO loans you money to pay for your insurance.
With a traditional insurer, you pay before you use the insurance. That way, if your policy is canceled due to a missed payment, you just need to pay for the next month to reinstate it (as well as any applicable fees).
OCHO works the opposite way. You use your insurance first, and then pay for it in installments after; drive now, pay over time. So if your policy gets canceled, you may still owe money to OCHO for insurance you already used but haven’t paid for yet.
To reinstate your policy with OCHO, you’ll need to repay us for the days of insurance you’ve already used, since we paid for that coverage on your behalf, plus any applicable fees.
In some cases, the amount due might be more than your usual installment amount.
Here's a breakdown of what a reinstatement with OCHO might include:
