CAR INSURANCE: THE DIFFERENCE BETWEEN BEING CANCELED AND NONRENEWED

| January 4, 2019

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Okay, so you’re in a bit of a pickle. You just found out that your car insurance company…is no longer going to be your car insurance company. Maybe you’ve been nonrenewed or maybe you’ve been canceled. Either way, the bottom line is that you soon will be without insurance. But are nonrenewal and cancelation the same thing? Not exactly. We’ll explain why these two pickles are different and how you can react to each. What is nonrenewal of an auto insurance policy? The thing about insurance is that your policy doesn’t last forever. It expires after a set amount of time. And when it’s due to expire, you have to renew your policy. Nonrenewal happens when you or your insurance company decide not to renew your policy when it expires. If it’s your insurance company that’s deciding not to renew the policy, they have to give you plenty of notice – how much notice is determined by what state you live in. The insurance company also has to tell you why they have chosen to nonrenew your policy. (No, they didn’t just decide to leave you high and dry on a whim. They’ll have their reasons for nonrenewing your policy, and they’ll let you know why.).

Spotlight

AAA Life Insurance Company

2019 marks the 50th anniversary of AAA Life Insurance Company. Headquartered in Livonia, Michigan, AAA Life has been offering AAA members peace of mind through our life insurance, accident and annuity products. Our products can be purchased online, over the phone, by mail or through an agent—making the purchasing process easy and convenient. We give special attention to every one of our 1.3 million active policy holders, which has earned us a reputation for outstanding customer service. As of August 1, 2018, AAA Life has been rated A (Excellent) by the credit rating agency A.M. Best (the third-highest rating out of 13), reflecting our financial strength and longevity. Life insurance underwritten by AAA Life Insurance Company, Livonia, MI. AAA Life Insurance Company (CA Certificate of Authority #07861) is licensed in all states except NY.

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Spotlight

AAA Life Insurance Company

2019 marks the 50th anniversary of AAA Life Insurance Company. Headquartered in Livonia, Michigan, AAA Life has been offering AAA members peace of mind through our life insurance, accident and annuity products. Our products can be purchased online, over the phone, by mail or through an agent—making the purchasing process easy and convenient. We give special attention to every one of our 1.3 million active policy holders, which has earned us a reputation for outstanding customer service. As of August 1, 2018, AAA Life has been rated A (Excellent) by the credit rating agency A.M. Best (the third-highest rating out of 13), reflecting our financial strength and longevity. Life insurance underwritten by AAA Life Insurance Company, Livonia, MI. AAA Life Insurance Company (CA Certificate of Authority #07861) is licensed in all states except NY.

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