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Can insurance cancel your insurance after they have taken payment?
Wiki User
∙ 12y ago
An insurance company can cancel your coverage for any number of reasons, all of which would need to be laid out in the policy (contract) that you signed with them upfront.
The most common reason that a company would cancel your insurance would be for nonpayment. Other than that, you are probably safe unless you lied about something on the application.
Wiki User
∙ 12y ago
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Can you cancel your insurance if your car is in bankruptcy?
Absolutely not! If you are still using the vehicle, it must be insured. However, the insurance payment would not be covered by the bankruptcy.
Do you get paid if you cancel your life insurance?
No you would not. Insurance is only applicable as long as the policy is in force and is VALID. Once the policy gets cancelled either due to non payment of premium or because you want to cancel it, all benefits of the insurance policy become null and void. You would not get any benefits out of it after that date.
Can i cancel flood insurance if i have a mortgage?
If your property is in a flood plain or your mortgagor requires flood insurance, no, you cannot cancel flood insurance.
What is ppi insurance?
Payment protection insurance!
How can one obtain payment protection insurance?
You can get payment protection insurance by speaking with your insurance agent and asking whether or not the company offers such an insurance. You can try insurance agencies like Progressive or Advantage.
How does the policy get canceled?
Lack of payment or too many collisions the insurance company has to pay for. If you want to cancel your auto insurance policy to go with another company, call your insurance company and tell them you want to cancel your insurance but be ready for them to try to persuade you to stay.
Does car insurance payment continue during a suspension?
Yes it will continue unless you call and cancel the policy.
Can you cancel your insurance if your car is in bankruptcy?
Absolutely not! If you are still using the vehicle, it must be insured. However, the insurance payment would not be covered by the bankruptcy.
Can insurance company cancel policy after taking payment?
Base on state regulations, there are many reasons a company can cancel an insurance policy. If you paid for a year and they cancel you after 1 month, you will only be charged for 1 month of coverage and the other portion should be refunded to you.
Does car insurance become cancelled when the owner passes away?
Not unless the deceased calls the company to cancel. The insurance company cannot cancel the policy unless it is requested in writing by the insured or executor or if it cancels for non-payment.
Will insurance pay for a repossessed car?
Of course not! It wasn't stolen or wrecked, it was taken from you for failure to pay on the loan!Be sure to cancel the insurance.
Does insurance go under assets or liabilities?
If insurance paid in advance then it is asset but if insurance benefit taken and payment not made then it is liability.
How do you cancel my insurance?
Call your insurance agent and tell them you would like to cancel your insurance.
Can an insurance company cancel policy for late payment after a claim is filed?
You bet. See, it works like this ... you pay for a service (insurance coverage) ... as long as you keep paying on time, you have coverage. One thing you don't want to ever do is make a late payment while a claim is being handled ... the insurance company thinks you are no longer interested in having them provide insurance coverage, and cancels your policy. Some insurance companies automatically cancel anybody for filing an accident claim.
How can license be taken for damages owed to an insurance company?
In most countries a driving licence could not be taken as payment or punishment for damages owed to an insurance company as that you be a civil matter.
Do you get paid if you cancel your life insurance?
No you would not. Insurance is only applicable as long as the policy is in force and is VALID. Once the policy gets cancelled either due to non payment of premium or because you want to cancel it, all benefits of the insurance policy become null and void. You would not get any benefits out of it after that date.
How do you cancel a current health insurance policy?
Call the insurance agent or company and let them know you wish to cancel and request their method for doing such. If you are paying it through a bank draft I would stop the draft as well so that another payment is not drafted before the cancellation is processed.
