Restoration Of Benefits
Free Insurance Quote Comparison
Secured with SHA-256 Encryption
UPDATED: Jul 16, 2021
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
Many policies have specific dollar maximums after which benefits are no longer payable. If you have received benefits under such a policy, the restoration of benefits provision restores the maximum if you go for a stated period of time without receiving benefits. For example, suppose that your policy has a maximum benefit of $100,000, and you receive $20,000 in benefits. At this point your remaining benefit maximum would be $80,000. Then, you do not receive additional benefits for, say, one year. The provision then restores your maximum to the original $100,000.