Conservation (General Insurance Terms)

An attempt by the insurer to retain current policies by not allowing them to lapse

An attempt by the insurer to retain current policies by not allowing them to lapse. For example, calling the customer or sending a reminder that payment should be made before a certain date or coverage will lapse.

← More β€œC” terms

Ready for coverage that actually fits?

Get a free, no-pressure quote from a licensed advisor today.