The renewal process in insurance involves extending the coverage of an existing policy beyond its initial term. Typically, an insurer will send a renewal notice to the policyholder before the current policy expires, detailing any changes in premiums, coverage limits, or terms. The policyholder then reviews these terms and decides whether to continue with the same insurer, adjust the coverage, or switch to a different provider. To renew, the policyholder usually needs to confirm their intention to continue, sometimes updating personal information or agreeing to new terms. If the policyholder chooses to renew, they pay the renewal premium by the due date to avoid a lapse in coverage. This process ensures that insurance protection remains continuous, adapting to any changes in the policyholder’s needs or risk profile.