Question

Roger always purchased insurance for the 10 years he owned an expensive speedboat. since he never had an accident the premiums he paid were

Answer 1

since he never had an accident during the period, the premiums he paid were Expired

When you buy a premium from an insurance company, they will give you some sets of clauses which gives the condition within a specified period of time for the insurance to be paid.

If the none of the clauses were met during the period, your premium will expire , unless you renew it with your insurance company