Short-duration contracts provide insurance protection for fixed period and can cancel the contract at the end of any contract period.

Name: Short-duration contracts provide insurance protection for fixed period and can cancel the contract at the end of any contract period.
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Short-duration contracts typically provide insurance protection for a fixed period of time, such as one year, and allow the policyholder to cancel the contract at the end of any contract period without penalty.

Short-Duration Contracts Provide Insurance Protection for Fixed Period and Can