Can I cancel my car insurance policy by comparepolicy

Can I cancel my car insurance policy

Can I Cancel My Car Insurance Policy?

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About Us Compare Policy is an IRDAI licensed Insurance Web Aggregator, providing insurance buyers an online platform to compare and choose the best-suited plan. We offer our customers with the opportunity to compare premium rates for all leading Insurance players, compare their prices, key features and make an informed buying decision. Our technology enriched, smooth comparison engine provides unbiased information which is user-friendly. We, at Compare Policy, are committed in providing the best insurance solutions to our customers with the help of our team of experts. Our highly experienced expert team assists the customers with the best insurance deals, which is hassle free and best fit, in the quickest possible time. We are partnered with all Top Insurance players in the market. Established in the year 2015, Compare Policy has managed to reach out to a considerable number of customers across the country within a short span of time through our dedicated and convenient services.

CopyrightÂŠ2017 Comparepolicy.com

Overview Of Car Insurance Policy

• Provides coverage for vehicle damage and bodily injuries to a third party. • Provides cover for own damage.

Conditions To Cancel Car Insurance Policy Selling Your Car

Transfer the existing insurance policy or cancel it. Refunds provided if policy persists on cancellation of the policy.

CopyrightÂŠ2017 Comparepolicy.com

Conditions To Cancel Car Insurance Policy Car Stolen

Cancel the policy & get car insurance premium refunds if paid premium recently. In case of comprehensive cover, make theft claim & get Insuredâ&#x20AC;&#x2122;s Declared Value.

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Conditions To Cancel Car Insurance Policy Car Is Too Old

Dump the car and cancel the policy if too old or in worse condition.

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Conditions To Cancel Car Insurance Policy Disappointed With Current Insurer

Cancel the policy and opt for new one on unsatisfactory services or other reasons with current insurer.

CopyrightÂŠ2017 Comparepolicy.com

Process Of Cancelling A Policy

1. Inform the company. 2. Write a mail or letter to company for cancellation. 3. Provide signed declaration, authorizing insurer to cancel the policy. 4. Confirmation letter send by the insurance company on cancellation. 5. Adjustment of charges in premium paid and refund of remaining amount obtained.

Conclusion • Get third party liability and damage for own cover. • Read insurer’s procedure for policy cancellation. • Get replacement of policy after cancellation.

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