If you are living in Canada and you want to cancel your present automobile insurance you are free but you need to take a look at the fine print of your insurance contract.
You should also consider the fees or payments involved when trying to cancel your car insurance in Canada. You should consider the following fees
Cancellation Fees
You would have to pay for cancellation fees if you cancel mid-term. So chrck the terms and conditions of your contract to know how much.
Administration Fees:
When starting a new policy you will need to pay an administration fee like making a down payment or asked to pay upfront charges.
Loss Of loyalty Discounts:
With cancellation you may lose loyalty discounts or any available discounts.
So how do you properly cancel Car Insurance to prevent potential problems.
Start with talking to your insurance advisor about shopping for new price options with various insurance companies
Then intimadate your present insurance provider or insurer on your decision to cancel your car insurance with their company.
Then go ahead to send the cancellation letter to them so that you can keep track of the date of cancellation.
Get your new car insurance activated. Be sure that there is no gap as you cancel your previous car insurance.
You should also consider the fees or payments involved when trying to cancel your car insurance in Canada. You should consider the following fees
Cancellation Fees
You would have to pay for cancellation fees if you cancel mid-term. So chrck the terms and conditions of your contract to know how much.
Administration Fees:
When starting a new policy you will need to pay an administration fee like making a down payment or asked to pay upfront charges.
Loss Of loyalty Discounts:
With cancellation you may lose loyalty discounts or any available discounts.
So how do you properly cancel Car Insurance to prevent potential problems.
Start with talking to your insurance advisor about shopping for new price options with various insurance companies
Then intimadate your present insurance provider or insurer on your decision to cancel your car insurance with their company.
Then go ahead to send the cancellation letter to them so that you can keep track of the date of cancellation.
Get your new car insurance activated. Be sure that there is no gap as you cancel your previous car insurance.