What is the difference between cancellation and non-renewal ?
There is a big difference between the two. Insurance companies cannot cancel a policy that has been in force for more than 60 days except when you fail to pay premium or committed any serious fraud. In addition, in the case of non-renewal, either you or your insurance company decides not to renew the policy when it expires.
Related Questions
- What are the obligations of an insurer in notifying a consumer of their right to an appeal of cancellation or non-renewal?
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