if an insurance company increases the premium by its self after agreement on a different low price, can i cancel the policy? what panelty i have to face?
Total Comments: 3
Posted: Thu Dec 02, 2010 02:31 pm Post Subject:
We'll need more info as to the specifics involving your situation. It's pretty tough to give you accurate info without knowing what's going on.
InsTeacher 8)
Posted: Thu Dec 02, 2010 05:09 pm Post Subject:
You've posted this in the auto forum so I'm guessing it's an auto policy. I've never heard of an auto policy that can't be cancelled whenever you want.... regardless of the reason.
Posted: Sat Dec 04, 2010 03:15 am Post Subject:
Did your carrier send you any explanation of why they're increasing the premiums? I've seen some things getting cancelled if they're within the cooling-off period. But once you cross the cooling-off period then it should be governed by the terms and conditions mentioned in your policy papers. At the best, you may consult with your agent.
Posted: Thu Dec 02, 2010 02:31 pm Post Subject:
We'll need more info as to the specifics involving your situation. It's pretty tough to give you accurate info without knowing what's going on.
InsTeacher 8)
Posted: Thu Dec 02, 2010 05:09 pm Post Subject:
You've posted this in the auto forum so I'm guessing it's an auto policy. I've never heard of an auto policy that can't be cancelled whenever you want.... regardless of the reason.
Posted: Sat Dec 04, 2010 03:15 am Post Subject:
Did your carrier send you any explanation of why they're increasing the premiums? I've seen some things getting cancelled if they're within the cooling-off period. But once you cross the cooling-off period then it should be governed by the terms and conditions mentioned in your policy papers. At the best, you may consult with your agent.
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