How to Write an Insurance Cancellation Letter
If you have received auto insurance quotes that are cheaper than your current policy or if other circumstances warrant the need to cancel an insurance policy, doing so is really quite simple. All you need to do, in most cases, is submit a letter informing your carrier that you are cancelling the policy. The following steps will provide you some guidance for doing so.
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Instructions
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You need to send your insurance cancellation letter to the cancellation department. At the top of the page, include the name and the address of the insurance company. Whether you are cancelling life, auto or homeowner's insurance, you should be able to find this information on your policy paperwork. On the line beneath that, write "Re: Cancellation of Policy #."
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Next, write "Dear Sir or Madam:" On the next line, write the following: "Please consider this letter as written notification of the cancellation of my insurance policy #12345 effective XXX." Insert the cancellation date where the "XXX" are. Then continue with: "Please refund the unused portion of my policy's premium and provide me with written notice of the cancellation as soon as possible. In addition, please discontinue charging me for monthly premium payments. Thank you in advance for your prompt attention to this matter."
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End the letter with "Sincerely," then sign your name and type your full name underneath your handwritten signature. Be sure to keep a copy of this letter for you files and follow up with the insurance company in a week or so to ensure the comany has received your notification of cancellation.
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Tips & Warnings
Remember to overlap your old policy and your new policy by a day or so. If not, you won't be covered during that lapse.
References
- Photo Credit Petr Kratochvil public domain pictures
