What if I can’t afford to renew before 1 January? 31 March Grace Period

It has come to our attention that some have misunderstood the intention of the 31 March Grace Period provided under your medical malpractice policy.

The Grace Period will only apply if you renew your medical malpractice cover through CFP Brokers and thereby have cover again from 1 January.

The Grace Period does NOT extend the policy period in any way which means that if you move your cover to another policy after 31 December you would end up having a gap in cover and lose all your retroactive [backdated] cover.

 

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