What does Expiration Date mean? Read on to discover the definition & meaning of the term Expiration Date - to help you better understand the language used in insurance policies.
An expiration date, in the context of insurance, is the exact day insurance coverage ends. Many insurance policies offer the option of renewal. Doing so extends coverage beyond the expiration date for a set period. Upon renewal of a policy, a new expiration date applies.
We hope the you have a better understanding of the meaning of Expiration Date.