what is a reinstatement - Search
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    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.
      What is reinstatement & why is it important?Continuous Protection: Reinstatement allows policyholders to maintain continuous coverage, ensuring that they remain protected against unforeseen events and risks. Without reinstatement, a lapse in coverage could leave individuals and businesses vulnerable to financial hardships resulting from accidents, damage, or other covered events.
      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.
       
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