What does Free Examination Period mean? Read on to discover the definition & meaning of the term Free Examination Period - to help you better understand the language used in insurance policies.
Free Examination Period
A free examination period, in the context of insurance, is the period during which a new policyholder is allowed to evaluate and cancel a policy without facing penalties while still benefiting from full coverage. During this time, they may return the policy for a full refund without being required to pay any penalty or surcharge.
We hope the you have a better understanding of the meaning of Free Examination Period.