This will depend on the regulations of the jurisdiction where you live. Until a few years ago no one was notified here in Georgia. Now in Georgia the State Department of Motor Vehicles is notified every time a policy is written, cancelled, or vehicles removed. It is kept up with by individual vehicles and based on the vehicle serial numbers. One day without coverage will generate a fine and if stopped while driving a vehicle without insurance will get the vehicle impounded. The policy departments even have an instrument that works similar to a radar gun and shows the officer whether or not the registration and insurance is up to date with an immediate answer shown on the screen.
Not unless the deceased calls the company to cancel. The insurance company cannot cancel the policy unless it is requested in writing by the insured or executor or if it cancels for non-payment.
The policyholder should contact the insurance company and cancel the policy - you might get a partial refund if the premiums are paid up-to-date!
A car insurance company can cancel your policy for many reasons and they are not obligated to provide you with insurance. Different companies have different criteria for cancellation of a policy due to accidents.
If you ask your insurance company to cancel your policy, they will.
Yes, you can change insurance companies anytime you want.
You bet. See, it works like this ... you pay for a service (insurance coverage) ... as long as you keep paying on time, you have coverage. One thing you don't want to ever do is make a late payment while a claim is being handled ... the insurance company thinks you are no longer interested in having them provide insurance coverage, and cancels your policy. Some insurance companies automatically cancel anybody for filing an accident claim.
Lack of payment or too many collisions the insurance company has to pay for. If you want to cancel your auto insurance policy to go with another company, call your insurance company and tell them you want to cancel your insurance but be ready for them to try to persuade you to stay.
Sure, you can. The insurance company should pay you a pro-rated refund after you cancel the policy.
If I were you I would contact the insurance company directly. I would not call the broker. You can always cancel your insurance and have the right to at least a partial refund. Most carriers will refund the entire unearned premium. Good luck.
What do you mean "private company" If you have HO insurance the bank can not canel it. Only you can.
The word cancel is normally a verb, and only nouns have plurals.However, when "cancel" is colloquially used to mean a cancellation, it can use the normal S plural, cancels (e.g. The doctor had a reschedule and two cancels).
Yes! They can charge you a cancellation fee that is either a flat rate or is a percentage of your total annual premium calculated based on when you cancel. Lots of insurance companies do this although some only charge you to cancel within the first year