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What is the difference between the cancellation and non-renewal of an auto policy?

April 26, 2017Auto cancellation non-renewal policy

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What is the difference between the cancellation and non-renewal of an auto policy?

5 Answers

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A non-renewal means only that your company does not want to offer you a policy any longer-possibly because of your driving or claims record over the last three to five years. More than likely, you will find other insures that are willing to provide insurance at a higher price. Auto insures may cancel your policy at any time if you fail to pay your premium, lose your driving privileges, or have not accurately reported the facts relating to your level risk. A cancellation will make it hard to get insurance for a long time to come.

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A non-renewal means only that your company does not want to offer you a policy any longer – possibly because of your driving or claims record over the last three to five years. More than likely, you will find other insurers that are willing to provide insurance at a higher price. Auto insurers may cancel your policy at any time if you fail to pay your premium, lose your driving privileges, or have not accurately reported the facts relating to your level of risk. A cancellation will make it hard to get insurance for a long time to come.

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Posted

A non-renewal means only that your company does not want to offer you a policy any longer — possibly because of your driving or claims record over the last three to five years. More than likely, you will find other insurers that are willing to provide insurance at a higher price. Auto insurers may cancel your policy at any time if you fail to pay your premium, lose your driving privileges, or have not accurately reported the facts relating to your level of risk. A cancellation will make it hard to get insurance for a long time to come.

0

Posted

A non-renewal means only that your company does not want to offer you a policy any longer — possibly because of your driving or claims record over the last three to five years. More than likely, you will find other insurers that are willing to provide insurance at a higher price.

0

Posted

Answer. A non-renewal means only that your company does not want to offer you a policy any longer — possibly because of your driving or claims record over the last three to five years. More than likely, you will find other insurers that are willing to provide insurance at a higher price. Auto insurers may cancel your policy at any time if you fail to pay your premium, lose your driving privileges, or have not accurately reported the facts relating to your level of risk. A cancellation will make it hard to get insurance for a long time to come.