The expiration date, in the context of insurance, refers to the specific date on which an insurance policy’s coverage ceases to be effective. This date is agreed upon when the policy is purchased and is clearly stated on the policy documentation. After the expiration date, the policyholder no longer has the protections or benefits provided by the policy unless the policy is renewed or extended. It is crucial for policyholders to be aware of this date as it is their responsibility to renew the policy before it expires if they wish to maintain continuous coverage. Failure to do so may result in a lapse of insurance, leaving the policyholder without coverage until a new policy is put in place.
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