In plain English
This means setting up the policy so it keeps going when the present term finishes. It continues for a new period instead of ending with the current one.
In context
Here, renew labels an action to arrange for the policy to continue for the next period when its current period ends.
- Situation
- Renewing, changing, cancelling, and retrieving policy documents
- What it communicates
- labels a dashboard action for continuing the policy into the next term
Meaning limits
By itself, renew does not establish what terms will apply during that next period.
Examples
“She renewed the car insurance policy for another year as the current term reached its end date.”
“At the end of June, the landlord asked for the building insurance policy to be renewed.”