Cancellation Instructions
- Written request in writing; email and fax are acceptable requests.
- cancel@insubuy.com
- +1 972-767-4470
- Requests must be received prior to the requested cancellation date.
- Requests must be received 15 days prior to next installment.
- Requests may take up to 10 business days to process.
- $25.00 cancellation fee.
- If there are pending eligible claims, refund will not be issued.
- Cancellation is based on short rate table below.
| Days Insurance in force | Percent of one year Premium | Days Insurance in force | Percent of one year Premium | Days Insurance in force | Percent of one year Premium | Days Insurance in force | Percent of one year Premium |
|---|---|---|---|---|---|---|---|
| 1 | 5 | 60-69 | 29 | 154-156 | 53 | 256-260 | 77 |
| 2 | 6 | 70-73 | 30 | 157-160 | 54 | 261-264 | 78 |
| 3-4 | 7 | 74-76 | 31 | 161-164 | 55 | 265-269 | 79 |
| 5-6 | 8 | 77-80 | 32 | 165-167 | 56 | 270-273 (9 mos) | 80 |
| 7-8 | 9 | 81-83 | 33 | 168-171 | 57 | 274-278 | 81 |
| 9-10 | 10 | 84-87 | 34 | 172-175 | 58 | 279-282 | 82 |
| 11-12 | 11 | 88-91 (3 mos) | 35 | 176-178 | 59 | 283-287 | 83 |
| 13-14 | 12 | 92-94 | 36 | 179-182 (6 mos) | 60 | 288-291 | 84 |
| 15-16 | 13 | 95-98 | 37 | 183-187 | 61 | 292-296 | 85 |
| 17-18 | 14 | 99-102 | 38 | 188-191 | 62 | 297-301 | 86 |
| 19-20 | 15 | 103-105 | 39 | 192-196 | 63 | 302-305 (10 mos) | 87 |
| 21-22 | 16 | 106-109 | 40 | 197-200 | 64 | 306-310 | 88 |
| 23-25 | 17 | 110-113 | 41 | 201-205 | 65 | 311-314 | 89 |
| 26-29 | 18 | 114-116 | 42 | 206-209 | 66 | 315-319 | 90 |
| 30-32 (1 mos) | 19 | 117-120 | 43 | 210-214 (7 mos) | 67 | 320-323 | 91 |
| 33-36 | 20 | 121-124 (4 mos) | 44 | 215-218 | 68 | 324-328 | 92 |
| 37-40 | 21 | 125-127 | 45 | 219-223 | 69 | 329-332 | 93 |
| 41-43 | 22 | 128-131 | 46 | 224-228 | 70 | 333-337 (11 mos) | 94 |
| 44-47 | 23 | 132-135 | 47 | 229-232 | 71 | 338-342 | 95 |
| 48-51 | 24 | 136-138 | 48 | 233-237 | 72 | 343-346 | 96 |
| 52-54 | 25 | 139-142 | 49 | 238-241 | 73 | 347-351 | 97 |
| 55-58 | 26 | 143-146 | 50 | 242-246 (8 mos) | 74 | 352-355 | 98 |
| 59-62 (2 mos) | 27 | 147-149 | 51 | 247-250 | 75 | 356-360 | 99 |
| 63-65 | 28 | 150-153 (5 mos) | 52 | 251-255 | 76 | 361-365 (12 mos) | 100 |
Rules applicable to insurance with terms less than or more than one year:
- If insurance has been in force for one year or less, apply the short rate table for annual insurance to the full annual premium determined as for insurance written for a term of one year.
- If insurance has been in force for more than one year:
- Determine full annual premium as for insurance written for a term of one year.
- Deduct such premium from the full insurance premium, and on the remainder calculate the pro rata earned premium on the basis of the ratio of the length of time beyond one year the insurance has been in force to the length of time beyond one year for which the policy was originally written.
- Add premium produced in accordance with items (1) and (2) to obtain earned premium during full period insurance has been in force