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Typically, a simple phone call suffices to end your policy or prevent its automatic renewal. Some insurers might charge a cancellation fee and ask for a cancellation form or letter.
Sample Insurance Cancellation Letter. I'm writing to seek termination of my insurance policy, which will take effect on [enter cancellation date]. I'd appreciate it if you could provide me formal confirmation of the cancellation within the next 30 days.
Contact your insurer or agent to find the best way to cancel your policy. Some insurance companies permit you to cancel right over the phone or online. Other insurers may require written notification or a signed document.
States typically require insurance companies to provide a 30-day notice of cancellation to the policyholder before the cancellation date.
Companies are required by law in most states to give a written notice to the policyholder at least 30 days before a cancellation. Whether or not you intend to fight your cancellation, use this time to look for a new homeowners insurance policy ? you don't want a gap in coverage.
Cancellation date : Provide a specific date for the changes to take effect. Reasons : Provide a reason for your cancellation. Stop payment or refund request : Request the insurer stop automatic payments immediately if you pay monthly. If you paid in advance, request a refund for the remaining balance.
In most states, an insurance company must give a policyholder written notice of cancellation at least 30 days before canceling the policy.
Sample Insurance Cancellation Letter. I'm writing to seek termination of my insurance policy, which will take effect on [enter cancellation date]. I'd appreciate it if you could provide me formal confirmation of the cancellation within the next 30 days.