Insurance is an essential aspect of financial planning that provides protection against unexpected events. One of the critical components of maintaining insurance coverage is the insurance renewal process. This guide will help you understand what insurance renewal is, why it matters, when to renew your policy, how to go about the renewal process, and the benefits and consequences of renewing your insurance. What is Insurance Renewal? Insurance renewal refers to the process of extending your insurance coverage for another term, which usually lasts for a year. It is essential for ensuring that you maintain continuous coverage on your policies, whether […]