What is required to cancel an insurance policy?

Canceling an insurance policy in Idaho is fairly straightforward. To do so, you must submit a written request to your insurer. This request should include the policy number, the date you want the policy to be canceled, and your signature. It is also important to keep a copy of the cancellation request for your own records. Once the insurer receives the cancellation request, they are required to return the insurance premium you paid for the policy, minus any amount that was due for issuing the policy and any cancellation charges. The insurer should send you a written confirmation of the cancellation, and any remaining monies due should be refunded within 30 days. It is important to keep in mind that both you and the insurer must abide by the terms of the insurance policy until the policy is officially canceled. It is also important to note that any claims or losses that occur prior to the cancellation date will still be covered under the policy. In some cases, the insurance company may not cancel your policy even if you have requested it, if they feel that you have not lived up to the terms of the policy. In this case, the insurance company must provide you with written confirmation of the reasons why they have not canceled your policy. In summary, to cancel an insurance policy in Idaho, you must submit a written request to the insurer with your signature, the policy number, and the date of cancellation. The insurer is required to confirm this cancellation with a written request and refund any remaining monies due within 30 days.

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What is required to cancel an insurance policy?

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