Is CAR policy subject to cancellation? The policy is silent

Message

Author

	Add to del.icio.us
	Add to YahooMyWeb
	Add to Simpy
	Add to BlinkList

Posted: Sun Apr 19, 2009 5:33 am Post subject: Is CAR policy subject to cancellation? The policy is silent

Is CAR policy subject to cancellation? The policy is silent about cancellation and a case of double insurance with two different reinsurers has come up. One of the insurer is asked to cancel the policy. Should it be cancelled on short period basis and as per what scale?

biju

New member

Joined: 19 Apr 2009
Posts: 1

1.35 Dollars($)

Posted: Sun Apr 19, 2009 5:46 am Post subject:

Quote:

Is CAR policy subject to cancellation?

yes and it can be cancelled by the insurer but that too only within 1 month from the issuance of the policy.

Are you trying for any claim?? or just want to get rid of the insurance policy? please elaborate!!

thanks keep us informed. Wink

_________________
www.Parthaconsultancy.info

Its my personal website.

amit

Senior member

Joined: 25 Jan 2009
Posts: 366

8.19 Dollars($)

Posted: Sun Apr 19, 2009 5:59 am Post subject:

There's no claim as on date. Its two months after the policy is effected. Only now the client has realised the double insurance and hence wanted to cancel one of the policy. IS there any hard and fast rule that no refund can be made or it should be made on pro-rata basis only or short period basis only? _________________ Register Now to have your Insurance queries solved.

Biju D

Guest

Posted: Sun Apr 19, 2009 6:54 am Post subject:

you can cancel immediately the auto insurance.But i do not think that you will get any reimbursement of the premium from the insurer.So if you agree with the loss of premium amount you had paid then within few days your policy can be cancelled. I do not find any fault on insurer's part so in this case they (insurer) should not be held responsible for the incidence and thus even if they do not return the premium amount to you still they are right on their view. _________________ www.Parthaconsultancy.info Its my personal website.

amit

Senior member

Joined: 25 Jan 2009
Posts: 366

8.19 Dollars($)

Posted: Sun Apr 19, 2009 8:38 am Post subject: Reply

Hi,

Quote:

you can cancel immediately the auto insurance.

How can he cancel his auto insurance policy immediately?
can tell me details.

Thanks.
Embarassed

DanielC

New member

Joined: 14 Apr 2009
Posts: 16

6.24 Dollars($)

Posted: Sun Apr 19, 2009 9:22 am Post subject:

Quote:

The policy is silent about cancellation and a case of double insurance with two different reinsurers has come up.

Maybe this is something I'm not understanding. Do you have 2 DIFFERENT Insurance companies..or..2 DIFFERENT people who insured the auto? I'm just trying to 'get this straight'.

sdchargersfan

Senior member