Annual Insurance Policy

Definition of "Annual insurance policy"

Gina Lancellotti real estate agent
Gina Lancellotti, Real Estate Agent Coldwell Banker Residential Brokerage

Same as term Annual Policy: contract remaining in force for up to 12 months unless canceled earlier. After 12 months the policy can either be renewed or not renewed by the insurance company or the insured. The policy need not be paid for on an annual basis.

Have a question or comment?
We're here to help.

*** Your email address will remain confidential.


Popular Insurance Terms

Popular Insurance Questions