You will be sent renewal letters at the appropriate time to tell you how to renew your policy. (global.ihi.com)
Many renewal letters are sent out at posted interest rates, which can be 2 % above market, costing an individual $ 2000 per year per $ 100,000 of mortgage in additional interest. (dustanwoodhouse.ca)
Good tenants get a leave renewal letter with two options. (biggerpockets.com)