When canceling your insurance coverage, specific protocols that must be followed. Most of the time insurance companies will not cancel your insurance plan without a written request signed by you. This can be mailed, faxed or scanned into the word processor and e-mailed, but it must have your signature. They request this signature to protect themselves by proving that the client canceled the insurance of his own initiative. In your letter to the company, which should be sent through your agent, give your name, the name of the policy you are canceling, the certificate number on the policy and the cancellation date you are requesting. If you are canceling coverage for only one member of the family, make sure that is clear.
Some insurance companies will reimburse unused premium when you cancel a policy. Generally there will be a cancellation fee. It is good to clarify the cancellation procedures with your agent before you purchase a policy.
The most important fact to remember is that your insurance company will not cancel your policy based on a phone call. They want a letter signed by the insured requesting cancellation.
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