What Does Annual Insurance Policy Mean?

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What does Annual Insurance Policy mean? Read on to discover the definition & meaning of the term Annual Insurance Policy - to help you better understand the language used in insurance policies.

Annual Insurance Policy

Annual Insurance Policy

An annual insurance policy is a policy paid for by the year as opposed to by the month. Therefore, a policyholder who pays a yearly premium would receive one year of coverage. Annual insurance policies are offered for a wide variety of insurance products.

We hope the you have a better understanding of the meaning of Annual Insurance Policy.

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