RENEWALS & RENEWALS BILLING PROCEDURE
About 45 days prior to the renewal date, we send the customer and all other interests listed on the policy a renewal certificate (Declarations page) and a premium notice. The premium notice offers a full-pay or 5-pay payment plan. The 5-pay plan is five equal installments (no service fee). The first payment is due before the renewal date. The second payments are billed about 45 days after that. The remaining 3 installment payments are billed out 72 days apart. With the installment plan, the total premium will be fully paid after about ten months of coverage.
If a policy is cancelled before or on the policy expiration (renewal) date, the offer to renew is withdrawn.