Common use of Cancellation of Policies Clause in Contracts

Cancellation of Policies. You should make any request for the cancellation of a policy in writing and any relevant certificate of insurance must be returned to us or the insurer concerned. If you wish to cancel your policy, you may be entitled to a refund of part of your premium as long as no claims have occurred. The refund may not necessarily be proportionate to the remaining period of cover and may not be available where the policy is subject to a minimum or deposit premium or where current certificates have not been returned or where there is an outstanding balance owing. Failure to maintain instalments on any premium financing facility arranged either direct with insurers or through a finance provider will usually result in termination of the policy unless alternative provisions have been agreed.