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Expiration Date

What Does Expiration Date Mean?

The expiration date refers to the final day on which your insurance policy is active. After this date, it will no longer provide coverage for any incidents or losses that occur.

 

It’s crucial to keep track of your insurance policy’s expiration date and renew it before it lapses. Failing to renew your coverage can leave you unprotected and vulnerable to significant financial consequences if an accident or incident occurs.

How Does Expiration Date Work at PSIC?

At PSIC, we want to ensure that your insurance coverage remains uninterrupted. The expiration date of your policy is clearly stated in the policy document. This date typically falls 12 months after the effective date, marking the end of your current coverage period.

 

To make it easy for you, we offer automatic renewal for most of our policies. This means that your coverage will continue beyond the expiration date unless you choose to cancel it or we notify you previously. However, we recommend that you contact your insurance producer before the expiration date to review your policy and make any necessary adjustments.

 

Your producer can help you determine if your coverage is still adequate for your current needs, if there have been any changes to your policy conditions, and if you may be eligible for new discounts or benefits. By staying informed and proactive, you can check if your insurance continues to provide you with the protection you need.

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