Laurence Traver received a renewal notice for his auto insurance with a due date of March 9, 1994, and an expiration date of March 14, 1994. Traver’s payment was postmarked March 12, 1994, and later postmarked again March 21, 1994. Equity received the payment and reinstated the policy on March 22, 1994. Traver was in an automobile accident on March 19, 1994. The other party to the accident filed a claim with his own insurance carrier, which filed a suit against Traver, who filed an action against Equity. Equity refused to cover the accident because it argued that Traver’s policy had lapsed on March 14 and was not effective on the date of the accident. The trial court ruled in favor of Traver, finding that his mailing of the premium before March 14, 1994, was an effective renewal of the policy. Was Traver’s placing the renewal premium in the mail in a timely manner an acceptance of Equity’s renewal offer? Why or why not?