Diplomat Long Term® is extendable with the following rules:
- Minimum initial purchase duration: 3 Months
- Maximum extended duration: 3 Years
- Extension fee: $10
If you extend the coverage for 3 or more months (up to 12 months at a time), Global Underwriters will continue to send extension notices to you. If you extend the coverage for only 1 or 2 months, Global Underwriters will assume that you no longer require the coverage and will not send another extension notice.
NOTE: This is an extension of the policy and NOT a new policy. That means that if something happens in the previous policy period, it will not be considered a pre-existing condition. While if you take a new policy, it will be considered a pre-existing condition. Thus, the ability to extend is a big advantage.
All extension fees, if any, are charged by the insurance company. There are no additional fees (or any other fees) charged by Insubuy®.