What Are The Differences Between A Cancellation Notice And Non-renewal Notice?

Navigation: Main page » Insurance

 Print this page Submit articleComment article

Author: Jason Horowitz

Article source: http://www.carinsurance.com/. Used with author's permission.

OK, you take that stroll down to the mailbox excitedly as you do everyday hoping to find the catalogue with all that neat stuff you want to buy or to find that magazine you love to read or to find that big check Uncle Bob sent! Come on, you know you love getting mail and really look forward to this daily ritual. You know that Mr. Postman has brought you something fun along with those pesky bills.

However, sometimes you get mail that scares you. You know this because it's very official looking. The contents must be very important but the thought of what is in there frightens you. What is in there? What have I done? What am I going to have to do? Why me? Your heart starts to rapidly beat. You set aside all of the other fun mail you received and you rip this one open first.

Lo and behold, it's a notice from your insurance company. Your eyes immediately focus on the word "cancellation". Before you get any further along in the letter your mind is going a mile a minute. You are confused, frustrated and maybe even angry. You are many things that you were not just moments earlier. Again, you begin to think: What have I done? What am I going to have to do? Why me? Let's stop here.

Consider yourself lucky. "Lucky", you say to yourself. Why am I lucky? Well, you are lucky because you could very well have received a "non-renewal" notice instead. Have I confused you yet? Great, I was hoping that I had so that I could explain the differences to you. A 'cancellation notice' is very different from a 'non-renewal notice'.

A 'non-renewal notice' is like the kiss of death. It is the ultimate low blow you can receive. It is rejection in a big way. It hurts. Go ahead and cry; let it out. There, doesn't that feel much better? I thought so. OK, moving on: When you receive a 'non-renewal' notice from the insurance company they are telling you that they no longer wish to insure you at the end of your policy term. Don't take it personally, there may be many reasons they have chosen this option.

The reasons can range from something simple such as the fact that they no longer offer your program or have chosen not to do business in your state to something not so simple such as your horrendous driving record. In any event, they don't want you anymore. In most cases, you have the right to appeal this decision but good luck. Once they have made up their mind it's going to be tough to make them change it. After wallowing in your misery for a short while, you will have to consider your options.

Your options include being uninsured. This would not be advisable for obvious reasons. Your other options include meeting any conditions imposed by the insurance company to make your risk acceptable. And of course you have the option to find another insurance company. One that likes you just the way you are.

Now, on the other hand, or in the other envelope, is a 'cancellation notice'. Many of us have seen these and know what they are. They are nasty- grams from the insurance company telling us that at a specific time on a specific date at a specific place you will no longer have insurance coverage provided by them. The reasons for these notices vary as well.

You may have overlooked your payment or you may have neglected to provide the required or requested information. In any event, it's not too late. You can save this policy by simply doing what you did not do. Make that payment or provide that information.

When all is said and done, just remember that you have options regarding both notices. In any event, you will soon have no insurance. You will have to take some action either way. Now that you are armed with this information go ahead stroll out to your mailbox. Look for that favorite magazine in there or even that previously scary insurance notice, you now know what it means and what you can do about it.

Visit http://www.carinsurance.com for Auto Insurance Ratings.

CarInsurance.com's online insurance marketplace gives an opportunity to consumers and to insurance companies. We offer the ability to shop for car insurance online.

Consumers can receive quotes from many insurance companies, in some states you are able to purchase your insurance instantly, online. You don't have to drive your car to buy car insurance. Buy online... anytime!

What is Feng Shui, and How Does It Work?
Feng shui (say "fung shway"), often called the art of placement, could just as accurately be called "the art of flow." This ancient Chinese practice, literally ...

What is Back to Normal After Gastric Bypass Surgery?
It is common for new WLS patients to ask, "How soon after surgery will I get back to normal?" Patients who are must successful redefine what "normal" is.

The 2 Secret Questions Every Prospect Always Has
One of the nice things about Network Marketing is that it really is a personal growth experience. You must work on yourself more than any other aspect of your b...

Beat PMS/PMT Naturally with Nutrition
Beat PMS/PMT naturally with nutrition.

Traffic Exchange Advertising-3 Ways to Make This an Effective Advertising Option
Many people will tell you that traffic exchanges are not effective. For some this may be true depending on the service or product you offer. I, however, have ...

The Good, The Bad and The Ugly: How Do You Change the World?
Recently, I saw an exhibition of paintings by a very talented artist. He clearly has a social conscience and his depictions of the pain and misery of disenfranc...

Infant Circumcision
Cultural tradition and religious practices notwithstanding, there is no longer a medical or rational reason to circumcise a child other than for purely "cosmeti...

St Johns Wort and Depression
There is growing evidence to suggest that St. Johns Wort is a safe and effective, natural remedy for the treatment of mild to medium depression.

RSS For Dummies
What is an RSS newsfeed, where do you get one, and how do you use it? This simple tutorial will have newbies reading from the comfort of their own home page in ...

Be Filled With The Spirit!
Be filled with the Spirit.… always giving thanks to God the Father for everything, in the name of our Lord Jesus Christ. -EPHESIANS 5:18, 20

Coaching Can Help Teachers At A Crossroads In Their Careers
Career coaching helps teachers to avoid burnt out. It is an enhancement tool which promotes job satisfation and performance.

Guidelines For A New Sending Paradigm - Part 5 of 5 - Continuously Evaluate Your Strategy
Senders can directly control the quality and relevancy of the messages they send, and the quality of lists they maintain, and so can strongly influence their ow...

5 Power Tips To Double Your Online Sales
"How Can I Double My Sales?" - that must be the silent prayer of thousands of webmasters.

Are You A Collector?
Collections are the outward manifestation of a deeply-felt principle or emotion, and are quite different than ordinary garden-variety "clutter." The trick is to...

The Likeability Factor – Do You Have It?
Growing up, we all had a mental picture of the perfect life partner The person we thought would be our happily-ever-after -- a person with a perfect smile, beau...

Federal Trade Commission Partnerships Questioned
In many reports we see that the Federal Trade Commission has referenced the Better Business Bureau. It appears that the Federal Trade Commission is using this ...

Inoculate Yourself Against Bad PR
Now you can convert bad PR into good PR by doing something positive about the behaviors of those important outside audiences of yours that most affect your oper...

Online Sales: 10 High Octane Online Sales Generators
Do you want to spark up sales at your website?

Chapter 13 Bankruptcy - What Does that Entail?
Is Chapter 13 Bankruptcy the choice for you? Will Chapter 13 Bankruptcy be the debt management solution you need?

Get More Out Of Life While Managing Your Diabetes
The ideas, practices, and benefits a healthy lifestyle provided sounded great for managing my diabetes, but I sure didn't like the idea of my social life fallin...

Fun with Foamies
Have fun doing craft projects with the foamie revolution!

The Greatest Gift of All – The Gift of Empowerment
Learn how to appreciate the little things in life and gain happiness.

The TRAP Behind Websites With INSTANT Searches for Unclaimed Money
Beware of FREE trial searches for Unclaimed Money

Debt Stacking - Fast Track Out of Debt
You go to the mail box and scan - a couple fliers (nah), your magazine subscription (yes!) and bills (groan). Every month the bills show up and as you sigh and ...