What is required to cancel an insurance policy?

In Florida, the legal process of cancelling an insurance policy depends on the type of policy and the insurer. Generally speaking, to cancel an insurance policy, policyholders must notify their insurer of their wish to cancel the existing policy in writing. Depending on the policy, the insurer may require a certain period of notice before they cancel the policy. If you have an auto, home, or life insurance policy, you must first contact your insurer directly to let them know you wish to cancel. Depending on the terms of the policy, the insurer may require thirty days or more notice before the policy is officially cancelled. Depending on the insurer, you may be required to submit the notice of cancellation in writing. In Florida, a policyholder may be required to submit a written cancellation request via mail or fax, as well as provide their signature to acknowledge their formal request for cancellation. Furthermore, policyholders may be responsible for any unpaid premiums associated with the policy up until the time of the cancellation. Once the insurance company receives the notice of cancellation, they will process the cancellation request and close the policy. As the policyholder, you can always contact your insurer for confirmation that the policy has been cancelled.

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What is required to cancel an insurance policy?

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