Insurance Guides And Tips

Feel free to copy and paste the letter below into a word document to create your own custom cancellation letter. This template can be customized for auto insurance, home insurance, tenant’s insurance, marine insurance, liability insurance, and many other types of insurance.

You should make a copy for your records and ensure that you receive the cancellation endorsement once your request has been processed. Also, if you fax your letter, ensure that you keep a copy of the transmission until you receive your refund, if not the company might not have received the letter and will not entertain your effective date when you resubmit.

‘Pro-rata’ is a term to describe the calculation of return premium owed to you. Normally if an insured cancels a policy, the refund will be based on a ’short rate’ basis (which basically means less money refunded). It is not guaranteed that the insurer will cancel on a pro-rata basis, but it doesn’t hurt to ask! If you have a noble reason for canceling, sometimes insurers will honor your request.

RE: ;

Dear Sir or Madam:

Please accept this letter as my request to cancel the above policy EFFECTIVE . As I have been a loyal customer of , it would seem reasonable to cancel the above on a pro-rata basis.

Please send the cancellation endorsement at your earliest convenience. If you require additional information please don’t hesitate to contact me.

Best Regards,

Source : http://insurancesamplecancellationletter.wordpress.com