How to terminate the insurance contract and return the money

This article provides tips that will help everyone understand how to properly terminate the insurance contract to return paid cash.

You will need

• Remember, any insurance contract can be terminated and the rest of the insurance premium returned. For termination, justification must be provided. For example, when selling a car, a contract of sale or TCP is suitable, that the car is registered.

• In order to return the money upon termination of the insurance contract, you must:

Instruction manual

1

Contact the office of the insurance company and fill out an application. You must have an insurance policy and passport with you. Remember, only the one who concluded it can terminate the contract!

2

Indicate in the application details for the transfer. This option is most convenient, since you do not need to re-apply to the insurance company in order to obtain an unused insurance balance.

3

Ask the insurance manager to calculate the amount to be returned. Know that the amount subject to return is directly proportional to the balance of unused days, minus the costs of doing business.

4

Ask for a certified copy of your application. This will guarantee that you applied and provided the necessary package of documents for termination.

5

Check the exact timing of the transfer of funds.

6

Remember, if the company does not pay for a long time, you can go to court. In this case, a statement certified by a company employee is useful.