Am I entitled to get a refund if I cancel my house insurance half way through my annual policy?

  • by RON C
  • Nov 03,2015
  • 9 answers

Am I entitled to get a refund if I cancel my house insurance half way through my annual policy?


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Insurance Answers (9)

Oracle 6 months ago

Subject to no claims being made in the current period of insurance, most insurers would allow a pro-rata refund, but a cancellation fee may be deducted from this. Also, if the policy was arranged through a broker, they too may make a cancellation charge, but you would get the balance.

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Judy 6 months ago

generally yes, of a portion of the premium

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tro 6 months ago

no

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Beverly S 6 months ago

Yes. You will receive the "un-earned premium".

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Bill 6 months ago

If the premium was paid in advance for the full year, you should get a pro rata refund.

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chchh 6 months ago

dsfsd

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Tavy 6 months ago

No of course not. They have already covered you for the full year.

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DR + Mrs Bears face 6 months ago

Depends on the terms of the policy. Most companies would give a pro rata refund and charge a fee.

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Prepper World Bob 6 months ago

NOPE - - also if you convert a house from personal residence to rental property, the original insur ends - no refund and you have to get a new full year policy for landlord insurance and why would you cancel the insurance - if you have a mortgage, it would be impossible to cancel it - the lender would just take out a new policy and charge you for it and it will twice the cost of the one you had

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