Car Insurance Fundamentals

Canceling your auto insurance is as easy as sending a written notice to your insurance provider notifying them of the exact date when you want to terminate the contract. To finalize the termination of the insurance policy, you need to sign some documents. Make sure to verify the status of the termination, never assume.

Failure to terminate your existing policy may lead your provider to believe that you opted to resume your compensation with their company. This may cause termination of your policy due to failure to pay premium. This may hurt your financial ratings and option to find a better insurance provider.

Source: carinsurancef.com

This entry was posted on Wednesday, June 10th, 2009 at 5:10 am and is filed under Termination. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.