Yes, you can cancel your insurance at any time. However, there are a few things you should keep in mind:
- Most insurers will pay you a pro-rated refund based on the date of cancellation. A few carriers may cancel via a short-rate (cancellation fee), but most will not.
- It is best to cancel effective your renewal date. That way, there is no refund and no charge.
- You'll want to ensure the date of cancellation matches up with the date of your new policy to ensure there is no lapse. On auto insurance, the MVA can fine you for not having insurance in most states.
- Many companies will require you to sign a cancellation form before they will cancel the policy.
Canceling your insurance can be a hassle with some companies, but Burchman Insurance Capital helps you make a seamless transition. Contact us for a quote today!
jburchman@burchmaninsurance.com
