Expiration Notice
Updated: 09 June 2023
What Does Expiration Notice Mean?
An expiration notice is a written statement sent to an insurance policyholder to inform them that their policy is about to expire. It helps ensure the policyholder is not caught unaware if they forget their coverage is about to end.
Insuranceopedia Explains Expiration Notice
Unless the policyholder elects to renew or extend coverage, their insurance contract will end on the expiration date. For this reason, an expiration notice often serves as reminder to renew or shop for a new policy.
It is important to note that an expired policy and a canceled policy are not the same. The latter entails coverage ending before the expiration date. An expired policy is simply one whose coverage period is over.
Related Definitions
Related Terms
Related Articles
Insurance Self-Service Portal: The Future of Customer Experience
Blockchain’s Impact on Transforming the Insurance Landscape
What Every College Student Should Know About Renters Insurance
Guidance for Nurses: Five Essential HIPAA Compliance Tips
Insuring Your Financial Future: the Crucial Role of Accounting in Insurance
The Future of Insurtech: How Technology is Transforming the Insurance Industry
Related Reading
Revealing the Most And Least Popular U.S. Insurance Companies
What Students Need to Know About Insurance Coverage During Internships
A Roadmap for Students Interested in the Insurance Industry
Strong Identity Verification in the Insurance Sector
How to Avoid Online Insurance Scams
How to Get Into the Insurance Industry With a Finance Degree