Common use of POLICY TERM Clause in Contracts

POLICY TERM. The Term of this Policy shall be for a period of three‐hundred sixty‐five (365) days. The Policy shall remain in effect as long as the Premium is paid and you comply with all other terms and conditions of the Policy. Subject to the applicable waiting period, coverage begins at 12:01 a.m. in the time zone of the Policyholder on the day following the date the Company or its designated representative receives and accepts the completed application and the required Premium. Coverage will continue until cancelled by you or us. Additional information regarding cancellation is listed in Policy Termination Provisions. You are responsible for the payment of all Premiums. We must receive the first payment to place coverage into effect. Thereafter, Premium payments will be due monthly unless we agree to accept Premium payments quarterly, semi‐ annually or annually. All Premium payments will be made by electronic debit to your credit card or bank account, unless you have made other approved payment arrangements with the Company. This Policy will be cancelled if the Premium payment is not received within ten (10) days of the due date. Additional information regarding Premium payments is listed in the Policy Declarations Page. SAMPLE We will automatically renew this Policy every three‐hundred sixty‐five (365) days unless: you receive a written notice of non‐Renewal from us; or we receive written notification from you of your intent to non‐renew this Policy. Coverage shall renew upon the same terms and conditions set forth in this Policy unless the Company provides you written notification of Premium or Policy changes, in accordance with the Renewal Premiums or Coverage Changes provision set forth below. By accepting the terms of this insurance as evidenced by the payment of Premiums, it is agreed that this Policy, any Endorsements and any notices, except as indicated below, may be delivered to you by electronic mail via the internet, at the Company’s option. If you choose not to accept electronic delivery of this Policy, you must immediately notify the Company and arrange for the Policy to be mailed or otherwise delivered. As for any notice of cancellation or non‐ renewal, notice will be mailed to you by first class mail or you may elect to receive the notice by electronic mail via the internet to your last known electronic address provided to the Company. If we elect to renew this Policy and: (1) the Premium will change; (2) the Deductible will materially change; or (3) we will materially reduce limits or coverage; we will mail written notice to you at the last known address at least 45 days prior to the expiration date of the Policy. If notice is not mailed at least 45 days before the expiration date of the Policy, the Policy will remain in effect on the same terms and conditions as the expiring Policy for the lesser of: (1) an additional 45 days; or (2) until the effective date of any replacement coverage procured. If the Renewal is accepted, the new Premium and Renewal changes will be effective on and after the first day of the Renewal Term. If the Policy is not renewed, any earned Premium for the resulting extended period of coverage will be calculated pro rata at the rates applicable to the expiring Policy.

POLICY TERM. The Term of this Policy shall be for a period of three‐hundred sixty‐five three-hundred sixty-five (365) days. The Policy shall remain in effect as long as the Premium is paid and you comply with all other terms and conditions of the Policy. Subject to the applicable waiting period, coverage begins at 12:01 a.m. in the time zone of the Policyholder on the day following the date the Company or its designated representative receives and accepts the completed application and the required Premium. Coverage will continue until cancelled by you or us. Additional information regarding cancellation is listed in Policy Termination Provisions. You are responsible for the payment of all Premiums. We must receive the first payment to place coverage into effect. Thereafter, Premium payments will be due monthly unless we agree to accept Premium payments quarterly, semi‐ semi- annually or annually. All Premium payments will be made by electronic debit to your credit card or bank account, unless you have made other approved payment arrangements with the Company. This Policy will be cancelled if the Premium payment is not received within ten (10) days of the due date. Additional information regarding Premium payments is listed in the Policy Declarations Page. SAMPLE Sample We will automatically renew this Policy every three‐hundred sixty‐five (365) days year unless: you receive a written notice of non‐Renewal non-Renewal from us; or we receive written notification from you of your intent to non‐renew non-renew this Policy. Coverage shall renew upon the same terms and conditions set forth in this Policy unless the Company provides you written notification of Premium or Policy changes, in accordance with the Renewal Premiums or Coverage Changes provision set forth below. By accepting the terms of this insurance as evidenced by the payment of Premiums, it is agreed that this Policy, any Endorsements and any notices, except as indicated below, notices may be delivered to you by electronic mail via the internet, at the Company’s option. If you choose not to accept electronic delivery of this Policy, you must immediately notify the Company and arrange for the Policy to be mailed or otherwise delivered. As for any notice of cancellation or non‐ renewal, notice will be mailed to you by first class mail or you may elect to receive the notice by electronic mail via the internet to your last known electronic address provided to the Company. If we elect to renew this Policy and: (1) the Premium will change; (2) the Deductible will materially change; or (3) we will materially reduce limits or coverage; we will mail written notice to you at the last known address at least 45 days prior to the expiration date of the Policy. If notice is not mailed at least 45 days before the expiration date of the Policy, the Policy will remain in effect on the same terms and conditions as the expiring Policy for the lesser of: (1) an additional 45 days; or (2) until the effective date of any replacement coverage procured. If the Renewal is accepted, the new Premium and Renewal changes will be effective on and after the first day of the Renewal Term. If the Policy is not renewed, any earned Premium for the resulting extended period of coverage will be calculated pro rata at the rates applicable to the expiring Policy.

POLICY TERM. The Term of this Policy shall be for a period of three‐hundred sixty‐five (365) daysthree years following the effective date. The Policy shall remain in effect as long as the Premium is paid and you comply with all other terms and conditions of the Policy. Subject to the applicable waiting period, coverage begins at 12:01 a.m. in the time zone of the Policyholder on the day following the date the Company or its designated representative receives and accepts the completed application and the required Premium. Coverage will continue until cancelled by you or us. Additional information regarding cancellation is listed in Policy Termination Provisions. You are responsible for the payment of all Premiums. We must receive the first payment to place coverage into effect. Thereafter, Premium payments will be due monthly unless we agree to accept Premium payments quarterly, semi‐ semi- annually or annually. All Premium payments will be made by electronic debit to your credit card or bank account, unless you have made other approved payment arrangements with the Company. This Policy will be cancelled if the Premium payment is not received within ten (10) days of the due date. Additional information regarding Premium payments is listed in the Policy Declarations Page. SAMPLE We will automatically renew this Policy every three‐hundred sixty‐five (365) days at the end of the three year period following the effective date unless: you receive a written notice of non‐Renewal non-Renewal from us; or we receive written notification from you of your intent to non‐renew non-renew this PolicyPolicy for three (3) years. Coverage shall renew upon the same terms and conditions set forth in this Policy unless the Company provides you written notification of Premium or Policy changes, in accordance with the Renewal Premiums or Coverage Changes provision set forth below. By accepting the terms of this insurance as evidenced by the payment of Premiums, it is agreed that this Policy, any Endorsements and any notices, except as indicated below, We may be delivered to you by electronic mail via the internet, at the Company’s option. If you choose not to accept electronic delivery of this Policy, you must immediately notify the Company and arrange for the Policy to be mailed or otherwise delivered. As for any notice of cancellation or non‐ renewal, notice will be mailed to you by first class mail or you may elect to receive the notice by electronic mail via the internet to non-renew your last known electronic address provided to the Company. If we elect to renew this Policy and: (1) the Premium will change; (2) the Deductible will materially change; or (3) we will materially reduce limits or coverage; we will mail written notice to you at the last known address at least 45 days prior to the expiration date of the Policy. If notice is not mailed at least 45 days before the expiration date of the Policy, the Policy will remain in effect on the same terms and conditions as the expiring Policy for the lesser of: (1) an additional 45 days; or (2) until the effective date of any replacement coverage procured. If the Renewal is accepted, the new Premium and Renewal changes will be effective on and after the first day of the Renewal Term. If the Policy is not renewed, any earned Premium for the resulting extended period of coverage will be calculated pro rata at the rates applicable to the expiring Policy.following reasons: