
The Life Cycle of an Insurance Policy (Part 2)
Alright – so last time we journeyed over to our insurance agent, found the best rate for whatever policy we needed and successfully activated our insurance policy. Congratulations! But... now what? Once a policy is active, you (the insured) can request changes made to your policy at any time during the policy term! Simply contact your agent, who may be able to make changes themselves through the company’s website, or they may need to submit a request. You also have the right to cancel your policy anytime during your term. Your agent will obtain a signed cancellation and have the policy canceled for you. Once the cancellation is processed the policy will become inactive on the cancellation effective date and coverage will end (and the cycle stops). If your policy…