Insurance Policy Renewal Notice

An Insurance Policy Renewal Notice is a communication from an insurance company to a policyholder, informing them that their policy is approaching expiration and offering to renew the coverage for another term. The notice typically includes the policy number, the expiration date, the renewal premium, and any changes or updates to the policy terms or coverage. Policyholders generally have the option to accept the renewal, negotiate changes, or allow the policy to lapse.