"Renewal time" refers to a period when something is being updated, refreshed or restarted. It typically involves making changes or improvements to a particular situation or object. Full definition
But there are exceptions: If you report significant water damage up to $ 10,000, some insurers will notify you they're cancelling your policy at renewal time because of mold concerns. (realtormag.realtor.org)
Depending on the type of insurance, a claim can push up your rates when renewal time comes around. (insurance.com)
Check your insurance policy each year when renewal time comes around. (moneysmart.gov.au)