Common use of Annual Term Clause in Contracts

Annual Term. coverage begins on the Effective Date and continues for eleven (11) months thereafter. In the event You elect to renew Your annual Term, coverage will include twelve (12) months. NOTICE: Your annual Agreement fee is subject to change. In the event of change, You will receive written notice at Your current address in Our file (email or physical address as necessary) at least sixty (60) days prior to implementation. You then have the option to either: (a) pay the new annual fee amount when due and have coverage continue; or (b) cancel Your coverage by notifying us as outlined in the “XIV. CANCELLATION…” provision of this Agreement.