Common use of Non-Renewal of Coverage Clause in Contracts

Non-Renewal of Coverage. The Insurer is under no obligation to renew the policy upon its expiration. If the Insurer elects to non-renew the policy, the Insurer will deliver or mail to the Named Insured written notice stating such at least 90 days prior to the policy’s expiration date, as stated in Item 3. of the Declarations. The offering of terms and conditions different from the expiring terms and conditions, including limits of liability, retention or premium, will not constitute a refusal to renew or a cancellation of the policy. EXTENDED REPORTING PERIOD A. Automatic Extended Reporting Period Effective upon the date of expiration or cancellation of the policy for any reason other than nonpayment of premium, the Named Insured will automatically be provided a period of 60 days in which to give written notice to the Insurer of Claims or First Party Incidents first made against the Insured during the Policy Period or the Automatic Extended Reporting Period for an act, error, omission, incident or event that takes place prior to the end of the Policy Period.