You may cancel a policy of any kind whenever you like and you will receive a refund on the unearned premium. If you don't own the property any longer, you certainly can cancel the policy. Make sure your agent cancels as of the day after you sold the property.
Most insurance companies will refund any remaining policy time. It will be prorated. If your mortgage company paid it out of escrow funds, the refund may get sent to them.
When you call you insurance company to cancel, they may want the request in writing...this is helpful if you have an agent, because you can just pay them a visit. The refund from unearned premium should be sent to you within a week of cancellation
It depends on whether you have a mortgage loan or not. The previous insurance company will send you a check for the excess amount paid to them, but if there is a lien on your property and your insurance check is set up in an escrow account, then you will have to sign and forward that check to your lender. That money will then go into the escrow account and sit there until the lender does a yearly evaluation and sees that your escrow account has an excess amount of money in it. Then you will get a refund on your overpaid insurance premiums. I am going through the exact same thing right now as I have just recently switched companies myself.
They actually owe you premiums back to the date of you selling your home. I would start by calling and asking to the manager of customer service and explaining the situation. They can not insure a home you do not own! Tell them to fix the problem, refund your money and fix your credit report as it pertains to insurance carriers (I forget what it is called) or you will call the Better Business Bureau, Attorney Generals office and the State Insurance Commissioner. If you are dealing with an agent or agency, the problem could lie right there. Contact the insurance company directly!
If there is a mistake in the way your card was printed, you should ask if it's possible to fix the error. If the error was not yours, then you have grounds to request a refund.
They get a refund on their property taxes. Note: this offer will expire in a month or so.
Yes, if you cancel your home insurance policy mid term you would be entitled to the unearned portion of your premium payments.
None. If you sell your home, you report that to your home insurance company and request cancellation of the policy as it is no longer needed. You will then be entitled to a refund of any unearned portion of the remainder of your policy term but you would not be refunded for the period of time that the home was still covered.
Yes and it happens quite often. Usually when you let you Homeowners insurance cancel or change companies and fail to notify your insurance company to send a copy to the mortgagee. If the mortgagee does not have proof that you have insurance and have them listed on such insurance, they will place "force-placed" coverage on the property to protect themselves and they will charge you for this coverage. As long as you get them notified and proof quickly, they will cancel their policy and refund you the premium. Make sure you know that the coverage they purchase on your behalf only covers them and covers no contents of yours, no liability coverage, and only covers the bare minimum coverage. And it is usually more expensive than homeowners you buy on your own. When you get a mortgage on your home your agreement is that you keep insurance on the home. If you let it cancel or don't have such insurance you are in breech of contract and they could foreclose on your home or put this coverage on it, their choice.
They are required to refund any unearned premium portion. Policy fees and the like are considered fully earned.
You don't get a refund of your property tax.
Since she is deceased, she is no longer driving, so no insurance is needed. You could cancel and possibly get a pro-rated refund. If you were on her policy, you will need to obtain your own.
Most insurance companies will refund any remaining policy time. It will be prorated. If your mortgage company paid it out of escrow funds, the refund may get sent to them.
I don't think it violates Connecticut insurance regulations. But you should be able to cancel the policy and get a pro-rated refund or full refund.
Contact your local property tax department and request a copy of the form that you will need to use to file for the property tax refund or you could try and see if this could be done online at the local property tax online website.
Depending on how you purchased the gap insurance. If it was included in the financing + gap = monthly payment then any refund due would go to the finance company. If you purchased the gap insurance independantly from the finance company then you must contact the provider of the gap insurance directly for any type of refund.
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