renewal of insurance policy
Renewal (Insurance Policy)
A policy renewal is simply the continuation of set and terms and conditions under an existing policy, in a similar policy usually but not always with an increase in premium to accompany the renewal.
In US auto insurance policies it is common for policies to automatically renew unless the policy holder informs their insurance company in advance that they do not wish to continue coverage. In this instance the insurance company will normally issue a new policy upon taking the first payment due under the policy without the insured party having to take any specific action to continue their insurance.
What are the advantages of having automatic policy renewal for my insurance?
The advantage of automatic policy renewal for your insurance is that you don’t have to worry about your car or vehicle ever being uninsured as... http://insure.ucoz.com/news/renewal_of_insurance_policy/2013-05-31-2761
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