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What is a renewable contract?

Anonymous

∙ 10y ago

Updated: 11/12/2022

A renewable contract is a contract that can be renewed at the end of the contract term. Some businesses, such as cable companies and cell phone providers offer clients automatic renewal contracts.

Wiki User

∙ 10y ago

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Related Questions

What is optionally renewable?

An Optionally Renewable Policy is a contract of health insurance in which the insurer reserves the right to terminate the coverage at any anniversary or, in some cases, at any premium due date, but does not have the right to terminate coverage between such dates.

Will your existing disability insurance premium change if your new job is in a higher risk class?

This is a very good question and it depends on your current disability contract. If your existing disability contract is non-cancellable and guaranteed renewable then the answer is no. If a contract is guaranteed renewable then the company guarantees that coverage cannot be cancelled as long as premiums are paid, however the company can increase the rates. If a contract is non-cancellable in addition to guaranteed renewable then the company cannot change the policy provisions or increase the rates. In summary it if your existing policy is non-cancellable and guaranteed renewable then changing occupations will not change your premium or change your benefits.

Compare and contrast a term contracts' renewable and convertaible features?

Renewable means as long as you pay the premiums you will always have the policy. Convertible means you can convert your policy to perm without further evidence of insurability. This should be under Life Insurance questions.

What is the verb for renewal?

The verb for renewal is renew. As in "to renew something".

Is heat a renewable or non renewable resource?

it is renewable

Are eggs renewable or non-renewable resources?

Eggs are renewable resources.

Is hydoelectric renewable or non renewable?

it is renewable

Is hydropower renewable or non renewable?

renewable

Is lumber is renewable or non renewable?

Renewable

How can renewable resources become renewable?

They don't need to become renewable. They already are renewable!

What renewable and non renewable?

Renewable - unlimited source Non renewable - limited resource

Why is hydoelectric renewable?

why is hydroelectric renewable why is hydroelectric renewable

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