What does Renewal Certificate mean? Read on to discover the definition & meaning of the term Renewal Certificate - to help you better understand the language used in insurance policies.
A renewal certificate is a document that an insurance company sends to its policyholders after they have renewed their policy. This serves as proof that the policy has been renewed and that there is still legitimate coverage for the new policy period.
More Insurance Terms And Definitions
The Merriam-Webster Dictionary defines insurance as:
b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
c: The sum for which something is insured.
We hope the you have a better understanding of the meaning of Renewal Certificate. If you are looking for the meanings of other important insurance terms and their definitions, just click on the letter below to find the words & concepts you are looking for: