Quote:
Originally Posted by Anne  I would be reading the fine print and checking the legality of this. You are renewing an existing policy rather than taking out a new policy. They sound shonky to me. |
It's perfectly legal (and shonky!). You are buying a policy with a fixed one year term. They can issue you a new policy for another one year term when it expires, at their discretion and with whatever modifications they choose to add to it, or they can decline to renew. Of course, they want to renew you because all the cards are in their favor, and if they discover one that isn't, they just yank it out and put it in the discard pile.