Insurance Renewal

Insurance renewal refers to the process of renewing an existing insurance policy. It typically involves reviewing the terms and conditions of the policy and making any necessary updates or changes, such as increasing or decreasing coverage limits or adjusting the premium amount.

The renewal process usually occurs annually, although the frequency can vary depending on the type of insurance policy. It is important to carefully review and compare the terms and premiums of different insurance policies when renewing, to ensure that the policy continues to meet the policyholder’s needs and budget.