what is a reinstatement - Search
  1. Dictionary

    re·in·state·ment
    [ˌrēənˈstātm(ə)nt]
    noun
    reinstatement (noun) · reinstatements (plural noun) · re-instatement (noun) · re-instatements (plural noun)
    1. the action of giving someone back a position they have lost:
      "the student body gave its support to the two expelled students and demanded their reinstatement"
      • the restoration of something such as a law or custom:
        "others have demanded the reinstatement of the death penalty"
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    noun
    1. the action of giving someone back a position they have lost:
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    2. People also ask
      What is insurance reinstatement?Reinstatement is the process of restoring an entity to its former position, and in insurance terms refers to allowing a previously terminated policy to resume effective coverage.
      What is a reinstatement clause?A reinstatement clause is an insurance policy clause that states when coverage terms are reset after the insured individual or business files a claim due to previous loss or damage. Reinstatement clauses don't usually reset a policy’s terms, but they do allow the policy to restart coverage for future claims.
      Does life insurance have a reinstatement process?The reinstatement process is not the same for every type of insurance policy or upheld in the same way by every insurance company. Some life insurance companies may allow the reinstatement of a policy, even if the insured has gone past its grace period. Reinstatement requirements may vary among life insurance providers.
      What is the reinstatement period?This is known as the reinstatement period. Once this period expires, reinstatement may no longer be an option. The length of the reinstatement period can vary depending on the insurance policy and provider, so it is important to be aware of this timeframe.
       
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    4. WebAug 12, 2023 · A reinstatement clause is an insurance policy clause that states when coverage terms are reset after the insured individual or

    5. WebNov 8, 2023 · Insurers typically allow three to five years to reinstate a policy after it lapses, Ardleigh says. However, they have certain …

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