In plain English
Automatic renewal means the policy would continue into another term on its own. Opting out is choosing that this automatic continuation should not happen when the current term ends.
In context
Here, it labels the user's action of choosing that the insurance policy should not continue automatically into the next term.
- Situation
- Renewing, changing, cancelling, and retrieving policy documents
- What it communicates
- labels the user's action to turn off next-term automatic continuation
Meaning limits
By itself, this term does not establish anything beyond stopping automatic renewal at the end of the current term.
Examples
“Before his motor insurance policy reached the end of its current term, he opted out of automatic renewal.”
“When the reminder arrived, the policyholder chose to opt out of automatic renewal.”