Does an insurance company have to say why it canceled or refused to renew my policy?
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Welcome, Guest · RSS 18.07.2018, 15:16




Does an insurance company have to say why it canceled or refused to renew my policy?





Answer:

auto car insurance policy canceled insurance risk accident claims driver insurance company policyholder Yes.

Fortunately, an auto insurance company cannot decide to stop providing insurance to a person without first notifying the policyholder. An auto insurance company is required to send a notice to your address they have on file at least ten days before the insurance policy is to be canceled. This notification must inform a policy-holder about a date, when a insurance policy is nullufied reasons, why an car insurance company concludes a insurance policy. This time period allows the driver to receive the notice and contact the company to resolve the issue before the insurance policy is canceled. If the driver wants the car insurance policy canceled, simply waiting until that given date and doing nothing will automatically cancel the car insurance policy.






It is possible for an auto insurance company to cancel a driver’s insurance policy without obtaining permission from the driver. Some drivers believe the contract between the company and the driver will only be canceled upon the request of the driver, but this is not completely true. An auto insurance company may terminate the auto policy at their discretion. The law of every state is that all drivers must hold proof of financial responsibility, or a form of auto insurance, to operate a vehicle on main roads. If a driver is found without auto insurance (or the equivalent) that driver will be held accountable and will be punished with fines, the suspension of the vehicle or license, or even prison. Each driver needs to be aware of the current status of their auto policy as often as possible.

Fortunately, an insurer cannot decide to stop providing insurance to a person without first notifying the policyholder. An auto insurance company is required to send a notice to your address they have on file at least ten days before the policy is to be canceled. This notice will inform the policyholder of the cancellation date and the reason why the insurance company is terminating the policy. This time period allows the driver to receive the notice and contact the company to resolve the issue before the policy is canceled. If the driver wants the policy canceled, simply waiting until that given date and doing nothing will automatically cancel the policy.

There are legit reasons as to why an insurer would cancel a policy. All drivers carrying auto insurance should be aware of reasons an auto insurance company may cancel their policy. Most of the reasons pertain to the driver who is insured and their actions.










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