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Will an insurance company pay a claim that occurred during a covered period if you cancel the policy?
Wiki User
∙ 16y ago
Yes, So long as the policy was not already canceled at the time of the loss.
Wiki User
∙ 16y ago
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Will your auto insurance cover damages after you cancel your policy?
If the damages claimed were of a type covered by the policy (prior to cancelation), resulted from a covered type of occurrence, and occurred before cancelation, yes. If the incident resulting in the damages occurred after cancelation, no.
How to cancel my progressive policy?
If you ask your insurance company to cancel your policy, they will.
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.
Can you cancel motorcycle insurance if you sell motorcycle?
Sure, you can. The insurance company should pay you a pro-rated refund after you cancel the policy.
Can a mortgage bank or company cancel your homeowners insurance with a private company?
What do you mean "private company" If you have HO insurance the bank can not canel it. Only you can.
Is there a time your not covered when changing insurance company from one to another?
Generally the best thing to do is to secure the new insurance, and then present the documentation of the new insurance to the old insurer so that they can cancel that policy as of the effective date of the new insurance. Your new insurance company may take care of this notification for you. This sequence will avoid any gaps in your coverage.
Can the insurance company charge you to cancel your 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
Can insurance cancel your insurance after they have taken payment?
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.
Will in insurance company cancel policy if you sue them?
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.
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.
Can you stop a term life insurance policy?
Yes, you can. Call the life insurance company and cancel the policy.
Does having three accidents mean your insurance will be canceled?
No, the insurance company will not cancel your insurance for having three accidents, but they will increase your insurance premium.
