What does Free Look Period mean? Read on to discover the definition & meaning of the term Free Look Period - to help you better understand the language used in insurance policies.
Free Look Period
A free look period, in the context of insurance, is the time allotted for the insured to enjoy full coverage and review the policy, clarify its terms and conditions, and in case they decide to cancel the contract, receive a full refund of the premiums paid without the need to pay any penalties.
We hope the you have a better understanding of the meaning of Free Look Period.