{ "@context": "https://schema.org", "@type": "DefinedTerm", "name": "Renewal", "description": "A renewal continues your policy for another term. The carrier may adjust the premium or coverage terms at renewal based on claims history, market conditions, or changes to the risk.", "inDefinedTermSet": { "@type": "DefinedTermSet", "name": "Insurance Terms Glossary", "url": "https://olivecover.com/insurance-terms" } }

AboutFree Coverage Review

General

Renewal

A renewal continues your policy for another term. The carrier may adjust the premium or coverage terms at renewal based on claims history, market conditions, or changes to the risk.

Continuing the policy for another term. The carrier may adjust the premium or terms at renewal based on claims, market conditions, or changes to the risk. Example: after a hail-driven roof claim in year one, your homeowners renewal may include a 25 percent rate increase even with no fault on your part.

Olive Cover

Independent insurance for families, homeowners, and businesses. We work for you, not one insurance company.

(678) 888-1011 · 888-OLIVE10 hello@olivecover.com

6470 East Johns Crossing, Suite 160,
Johns Creek, GA 30097 · office visits by appointment only

Mon-Fri 9am-6pm ET · phone, video, or email

Personal Lines

Homeowners Insurance Auto Insurance Home + Auto Bundle Renters Insurance Flood Insurance Landlord Insurance Umbrella Insurance

Commercial Lines

Business Owners Policy General Liability Professional Liability Commercial Auto Workers Compensation

Company

About Olive Cover Our Carriers FAQ Claims Insights Where We Do Business Contact Insurance Terms

Olive Insurance Services, LLC dba Olive Cover. Licensed Georgia P&C Insurance Agency. Agency NPN: 22116940 | NPN: 2790083. 6470 East Johns Crossing, Suite 160, Johns Creek, GA 30097. Olive Cover is a brand of Olive Insurance Services, LLC, a subsidiary of Olive Financial Services, Inc. © 2026 Olive Insurance Services, LLC. All rights reserved.

Privacy Policy Terms of Service Licensing