What are conditionally renewable policies?
A conditionally renewable insurance policy is a policy that the insurer can unilaterally cancel if it feels that you have made too many claims. Thus, an insurer can drop you when you need the coverage most. For example, if you have held a conditionally renewable health insurance policy for the last 20 years and have dutifully made your payments without filing many claims, the insurer will have the power to drop you when you turn 60 or 70 — the time when most people start visiting a doctor more frequently.
