can we get our premium refunded

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Posted: Wed Jan 28, 2009 9:57 am Post subject:

Quote:

Gary, when and what are these administrative costs, broker fees blah blah that people are talking about? Just not something we have in the midwest? I've never seen or heard of this.

Sounds to me like an urban legend.

In Florida, it's a 100% refund of premum during the Free Look period.
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Gary Spicuzza, *SAFE
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GarySpicuzza

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Posted: Wed Jan 28, 2009 11:32 am Post subject:

Quote:

Sounds to me like an urban legend.

In Florida, it's a 100% refund of premum during the Free Look period

No sorry I was clear enough, I mean ANY time, I've never seen any adm. fees etc..on any types of policys canceled at any time...(after free look lets say)
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Lori

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Posted: Wed Jan 28, 2009 12:54 pm Post subject:

Lori, I'm not aware of such a thing. Maybe it's a P & C thing? Or "other" country thing. It doesn't happen in Florida, unearned premium is refunded. Maybe a P & C agent will jump in here. _________________ Gary Spicuzza, SAFE Copyright 1956. No Rights Reserved. Self Appointed Financial Expert

GarySpicuzza

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Joined: 03 Apr 2008
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Location: West Pasco County, FL
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Posted: Wed Jan 28, 2009 1:34 pm Post subject:

Quote:

we have sent the insurance company documentation from our agent indicating he cancelled the policy within the right to review and cancel period.

To some extent it might depend on the quality of information that such documents are carrying. Also going through the paper-works (that you'd received while signing-up) carefully might give you a clue whether or not your policy has any specifications regarding such situations.
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anonymous00

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Posted: Fri Mar 27, 2009 9:11 pm Post subject: cancellation & refund

i want to cancel my policy is it possible if free look period is over 45days its a case of mis seeling _________________ Register Now to have your Insurance queries solved.

rahul

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Posted: Sat Mar 28, 2009 7:08 am Post subject:

You may have to contact the agent and the insurance company. Hopefully you would be able to get the policy cancelled and the premium back. How was it a miss-selling? What kind of a policy is it?