If you are not satisfied with the insurance policy then you can return the policy by getting full
refund during free look period.
Remember, it is better to return your policy and get
the refund during the free look period, than to wait for the complete year to lapse the policy by not continuing to pay the premium.
Not exact matches
Free look period — A short
period of time
during which a new insurance policyholder can cancel a contract and receive a
refund of any premiums paid.
Free Look Period: A period of 15 days after date of receipt of policy to review terms and conditions during which insured can cancel it with due re
Period: A
period of 15 days after date of receipt of policy to review terms and conditions during which insured can cancel it with due re
period of 15 days after date of receipt of policy to review terms and conditions
during which insured can cancel it with due
refunds.
Travelers may be given a full
refund if no claims have been made
during the «
free look period».
If you recently applied, you have a «30 Day
Free Look»
period during which time you can cancel your policy and get a complete
refund of any monies paid.
During the
free look period insurance companies must except returns of policies in exchange for a full
refund.
During the 14 - day
Free Look Period, a policyholder can thoroughly review the Economy Plan's benefits and cancel it for a full
refund if it truly does not meet their needs (as long as their trip hasn't started yet and they haven't filed a claim).
If the policyholder cancels the policy
during the
free -
look period, he will receive the
refund of the premiums paid.
Also know that if you do purchase a policy that you're unhappy with, there's a
free look period during which you can get a
refund, but it only lasts about a month after purchase.
Most travel insurance companies will
refund a policy
during the
free look period less a non-refundable administrative fee of approximately $ 5 — $ 8.
You don't get the full
refund when you cancel your policy
during the
free look period.
After cancelling the policy
during the
free look period, the buyer gets the
refund of the initial premium which he has paid for the policy.