Glossary
Expiration Date
The date a policy's coverage ends unless it is renewed, extended, or replaced.
The expiration date closes the policy term. After it passes, no coverage applies unless a renewal has been bound — which is why expiration dates drive the renewal pipeline in every agency management system.
Expiration dates are also a retention metric. Tracking which policies expired without a corresponding renewal is how an agency measures whether it is keeping its book, and it is the input to the retention calculations owners watch most closely.
See also
- Effective Date — The date on which coverage under a policy or endorsement begins.
- Renewal Retention — The share of expiring policies or premium an agency keeps at renewal, the single clearest measure of book health.
- Non-Renewal — A carrier's decision not to offer renewal terms when a policy expires, ending the relationship at the end of the current…