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Question 6 of 14 in The Insurance Company |
Can I cancel my own policy at any time? |
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As a policy owner, you can cancel your insurance at any time, especially if you sell your home or change companies. You will receive a refund of the unused insurance premium, but at the "short rate." The short rate is less than the mathematical equivalent of the unused premium -- the expenses that the insurance company incurred in establishing the insurance coverage.
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