Most families have four or five insurance policies, and each one renews on its own date: the car in March, health insurance in July, a term plan in December. Miss one and you can lose cover exactly when you need it.
Why a missed renewal costs more than you think
- Car and bike insurance: riding with an expired policy is against the law, and if the policy lapses for more than 90 days you can lose your no-claim bonus, which can be a large discount.
- Health insurance: most insurers give a grace period of about 30 days. After that, a lapsed policy can mean starting waiting periods for existing illnesses all over again.
- Life and term insurance: if a premium is missed beyond the grace period, the policy can lapse, and reviving it may need a fresh medical check.
Check your own policy documents for the exact grace period, because it varies between insurers and plans.
A simple checklist
- Make a list of every policy in the family: policy number, insurer, renewal date and premium.
- Note who pays for which policy. In many families, a parent's policy is paid by a son or daughter.
- Set a reminder 15 days before each renewal, and another one 3 days before. That leaves time to compare quotes and arrange the money.
- Renew on the insurer's website or app, and save the new policy document where the family can find it.
- Update the reminder if the renewal date changes.
Let DueDateAlerts do the remembering
With DueDateAlerts you add each policy once, choose to be reminded 15 days and 3 days before, and pick email or SMS. The reminder repeats every year on its own, and you can send it to your spouse or parents too.
Create your free account and add your first policy in a minute.