September 28, 2007, Newsletter Issue #84: Auto Insurance Definitions: Term

Tip of the Week

Your car insurance policy term is the time between the start, or inception, of the auto insurance policy until the end, or termination, of the policy.

A car insurance policy lapse, for example, occurs when your current auto insurance policy ends and you do not, for a variety of reasons, renew. In this example, your auto insurance policy term has ended.

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