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  2. Automatic renewal clause - Wikipedia

    en.wikipedia.org/wiki/Automatic_Renewal_Clause

    An automatic renewal clause is used in the insurance and healthcare industries . An automatic renewal clause (also referred to as an evergreen clause), is activated towards the end of the contractual period whereby it automatically renews the terms of an agreement except when the contract is terminated (through mutual agreement or contract breach), or one of the contracting parties has sent a ...

  3. How to read a homeowners insurance policy

    www.aol.com/finance/read-homeowners-insurance...

    Policy period: The dates listed are the start and end dates of the policy term. Most home insurance policies automatically renew, but you should contact your property insurer if you receive a ...

  4. HO-3 vs HO-5 insurance - AOL

    www.aol.com/finance/ho-3-vs-ho-5-202307267.html

    Is an HO-5 policy better than an HO-3 policy? One policy is not better than the other. The policy you ultimately decide on should be one that provides adequate coverage for an affordable premium.

  5. Types of homeowners insurance - AOL

    www.aol.com/finance/types-homeowners-insurance...

    Because of its high level of protection, an HO-5 policy is usually more expensive than a standard HO-3. Learn more: HO-5 insurance. HO–6. HO-6 insurance is specifically for condo owners. It ...

  6. Option fee - Wikipedia

    en.wikipedia.org/wiki/Option_fee

    The termination option paragraph of the contract gives a potential buyer, in return for paying an "option fee" to the seller, the unrestricted right to terminate the contract by giving notice of termination to the seller within a certain number of days after the effective date of the negotiated contract.

  7. Notice period - Wikipedia

    en.wikipedia.org/wiki/Notice_period

    3 months if employed more than 10 years; The default trial period is the first month of employment, but may be extended up to three months. After the trial period, the notice period may be amended by a written contract, but not under one month, unless set by a collective labor agreement and only for the first year of employment. [10]

  8. Pay in lieu of notice - Wikipedia

    en.wikipedia.org/wiki/Pay_in_lieu_of_notice

    If a notice period such as one month is required for an employer to terminate a contract, a 'payment in lieu of notice' is immediate compensation at an amount equal to that an employee would have earned as salary or wages by working through the whole notice period: for example, one month's salary.

  9. HO-5 insurance: what it covers and who might need it - AOL

    www.aol.com/finance/ho-5-insurance-covers-might...

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