Auto Insurance: The Difference Between Non-Renewal Vs. Cancellation
Picture this: you are going through your bills and see a letter from your auto insurance company with bright red letters on the front that says "Important Notice." You open it up to find out that you will no longer be insured, at least by them. You might wonder What's this about? Determining whether the notice is a non-renewal or cancellation could be the difference between a bad day and a dismal one.
Auto Insurance: Non Renewal vs. Cancellation
You may be confused as to the difference between a "non-renewal" of policy versus a policy cancellation. When your auto insurance company notifies you of a non-renewal, it means that your current coverage will continue until the end of the policy period, and thereafter cease to exist. Alternatively, if you are warned of cancellation, it means that your policy will be shut down immediately with proper notice in advance of the cancellation.
To put it lightly, you don't want your policy to be canceled. Non-renewal is seen as less serious by insurance companies. When it happens it's simply because your insurer doesn't want you as a customer any longer. Your policy typically will
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