Who is paying the insurance policy, you or the employer? If the insurance was part of your compensation package at work, I believe that you must be notified at least a certain number of days in advance of its being cancelled or withdrawn, so that you can obtain replacement insurance. Also, look into COBRA.
IS THIS FOR REAL?
If you ask your insurance company to cancel your policy, they will.
Yes, they can cancel all insurance on each other that the other is paying for. This can only happen if the insurance policy was created with both people as either primary or secondary policy holders. A person cannot just call or contact an insurance company and cancel their insurance without being on the policy.
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.
Sure, you can. The insurance company should pay you a pro-rated refund after you cancel the policy.
What do you mean "private company" If you have HO insurance the bank can not canel it. Only you can.
No. Call your States Department of Insurance.
Yes! They can charge you a cancellation fee that is either a flat rate or is a percentage of your total annual premium calculated based on when you cancel. Lots of insurance companies do this although some only charge you to cancel within the first year
No, the Insurance Company has no right to cancel policy even if you sue them, unless you have failed in timely renewal or did any contractual violation like concealment of facts, that can jeopardize the basic objective of an insurance policy.
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.
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.
Yes, you can. Call the life insurance company and cancel the policy.