Top Reasons Why You Should Avail Short Term Insurance Policy

As the name comes, short term loans are issued for only a short period of time. The agreement is for a short period between the insurance company and the policyholder. In this type of insurance policy, the term is not stretched to decades and the settlement is done in just a few years. Also, the insurance can be cancelled by any of the party within 30 days. In this category, your house, furniture, electric appliances and vehicle can be involved.  On the other hand, when you will apply for the short term insurance policy, then the company will issue a monthly premium that should be paid by the policyholder.