policy renewal
Extending insurance coverage
Policy renewal is the process of extending an insurance policy or similar agreement for another term, typically requiring updated information and payment: Your policy renewal is due next month.
The phrase also refers to the document or notice itself: I received my auto policy renewal in the mail.
Renewal may involve revised terms, adjusted premiums, or updated coverage.
- deductibleOut-of-pocket threshold amount
- reinstatementReturn to previous position
- termsConditions of an agreement
- coverageExtent of inclusion
- sunset clausesAutomatic legislative termination mechanisms
premium · conditions · fine print · expiration · exclusions · underwriting · risk assessment · policyholder · lapse · grace period · due date · endorsements · termination · insurance · incentives · annual review · obligations · discounts
- auto insuranceauto insurance, car insurance, vehicle insurance, collision coverage, liability coverage
- insuranceinsurance, coverage, auto insurance, life insurance, home insurance
- life insuranceterm life, whole life, life insurance, beneficiary, premium
- insurance salesagents, brokers, policies, premiums, coverage
- renewals
- renewal processhealing, repair, recycling, rebirth, recovery