Sample Letter to Cancel an Insurance Policy.

Note: Below is a sample auto insurance cancellation letter. It should be written in formal business style and sent by certified mail, so the sender will have proof of when the letter was sent and received. It may be important to have this information if there is any dispute about the cancellation date.

Cancelling during the cooling-off period. You may want to cancel an insurance policy if you have just bought it and have changed your mind. By law, you have a minimum 14-day cooling-off period during which you can cancel the policy for any reason.

In the first paragraph, write that the letter serves as a formal request to cancel the referenced insurance policy. Provide the requested effective date of cancellation. When choosing the effective date, be sure that you will have no lapse between the end of the old policy and the start of the new.

Regardless of the type of insurance you're cancelling, include your full legal name, a current or forwarding mailing address and telephone number in the top section of the letter. Add a reference line between the top section and salutation in which you state your intention and provide the policy number and period.

You may find details about how to cancel the policy, the notice you should provide and to whom the letter should be written. It is essential to follow the specific mentioned instructions if any in the policy for its cancellation. However, often the cancellation provision in an insurance policy only references cancellation by the insurer.

Given below are the points to remember when writing an insurance cancellation request letter. Call the insurer to confirm the address where you need to mail the letter and double check the policy number. Inquire if you are entitled for a refund or if there is any balance that you owe on the policy, based on the cancellation date.

This collection letter is different from most collection letters because the most serious threat you can make is to discontinue your service. Rather than focusing only on a request for payment, you must make the cancellation of the policy sound undesirable. In that sense the letter takes on a persuasive tone.

Insurance policy cancellation letter is written to the insurance company when one intends to cancel a particular policy. Before you write the letter, you should contact the insurer to authenticate the addresses that the letter should be mailed to.

Cancellation letters can be written for several things such as canceling an insurance policy, a cable service, rental agreement, a magazine subscription, a bank account, order, credit, etc. The reason why people issue cancellation letters is mainly due to unsatisfactory or poor performance, not meeting the expectations, and at times unavailability of funds.

To write an effective cancellation letter, one should gather good knowledge about the type of cancellation process he is going to initiate. Since a cancellation letter is a formal letter intended to end the services or agreement, one should draft it carefully by providing all the relevant details.

Canceling an insurance policy is your personal choice and you may cancel a policy for any reason unique to you. To nullify a policy you need an insurance cancellation letter. You know that it is best to put any application in writing in order to safeguard your interest or hold up as evidence if an agent refuses cancellation on any ground.