Renewal of an insurance policy is almost automatic as long as you pay the premium before the policy expires. The renewal of an insurance policy doesn't have a grace period like a normal payment does so your coverage ceases on the expiration date and the company is not required to send you a cancellation notice. They will send you the renewal and anything beyond that is up to the company. If you make a habit of paying late they will just not reinstate after the expiration date.
"So you are saying that. I can renew this anytime?"
Depending on your insurance company most policy's renew automatically every 6 months.
You renew annually (once a year)
this is the amount the premium will cost if you elect to 'renew' this policy
online renewal of policy does not require physical inspection of the vehicle. Buy Two Wheelar Insurance Policy:
When you don't pay your monthly premium or you don't renew.
Yes, They can and sometimes do issue a notice of non-renewal. It happens.
Then you will have to get a new policy. Usually a company will automatically renew you. Sounds like the policy non-renewed due to non payment of premium.
yes you should it would be alot easier
When your insurance is expired, You no longer have insurance. There is no grace period in which you still have coverage when your policy is expired. Your company may give you up to 30 days in which to renew your policy before they surcharge you and you lose your prior coverage discount. This is however totally at their discretion and you still have no coverage in the mean time until you renew your policy.
A guaranteed renewable disability insurance policy guarantees that you can renew it; in other words, in the event that you do become disabled, and you are collecting disability payments under your policy, they are not going to tell you that since you are disabled, you do not qualify to renew the policy (which, of course, would entirely defeat the purpose of having bought the insurance in the first place, which is to protect yourself from financial hardship in the event that you become disabled).
My policy is expiring and I do not wish to renew. Must I notify my agent, or do anything else?