Is CAR policy subject to cancellation? The policy is silent

Posted: Sun Apr 19, 2009 05:46 am Post Subject:

Is CAR policy subject to cancellation?

Posted: Sun Apr 19, 2009 05:59 am Post Subject:

There's no claim as on date. Its two months after the policy is effected. Only now the client has realised the double insurance and hence wanted to cancel one of the policy.

IS there any hard and fast rule that no refund can be made or it should be made on pro-rata basis only or short period basis only?

Posted: Sun Apr 19, 2009 06:54 am Post Subject:

you can cancel immediately the auto insurance.But i do not think that you will get any reimbursement of the premium from the insurer.So if you agree with the loss of premium amount you had paid then within few days your policy can be cancelled.

I do not find any fault on insurer's part so in this case they (insurer) should not be held responsible for the incidence and thus even if they do not return the premium amount to you still they are right on their view. :wink:

Posted: Sun Apr 19, 2009 08:38 am Post Subject: Reply

Hi,

you can cancel immediately the auto insurance.

Posted: Sun Apr 19, 2009 09:22 am Post Subject:

The policy is silent about cancellation and a case of double insurance with two different reinsurers has come up.