Auto Insurance Definitions: Term

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In my car insurance policy, what is the policy term?

Auto Insurance Definitions: Term

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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