Sentences with phrase «to cancel the coverage»

"To cancel the coverage" means to terminate or end the protection or insurance policy that was previously in place. It signifies stopping the agreement or contract that provided financial and legal safeguards. Full definition
A mortgage protection policy that's bundled into your mortgage is even more restrictive, as you can't choose to cancel your coverage if you don't need it.
You may also cancel coverage at any time without a penalty.
As long as the premium is paid on these policies, the insurance company can not cancel the coverage for any reason.
During the first two months of your auto insurance policy, your insurer is allowed to cancel your coverage for whatever reason they feel like.
The policy owner can choose to cancel the coverage within the specified time period, and collect a full refund on the initial premium amount.
Some of the policies on the market even cancel your coverage when you turn 80.
You don't want to cancel any coverage until you know what you need to protect you now and into the future.
The costs of cancelling coverage, and the associated challenges, make it well worth the time to double - check these details.
The section devoted to «policy terms and conditions» will explain to you how you should cancel coverage in case you no longer want to be insured by that carrier.
If you file several, your insurer will label you a high - risk driver and may even cancel your coverage.
You can't suddenly cancel your coverage because you will be at exposed to risks.
However, you can cancel this coverage once you've paid off 22 % of the balance of the loan.
If the plan is simply not what you need, you can also cancel the coverage you've purchased for a refund (minus a small fee).
It's better for the insurer to simply cancel your coverage.
And once you have 22 % equity, the lender is required to automatically cancel the coverage.
The insurer doesn't always cancel the coverage, but the increased cost makes many people consider dropping the policy voluntarily.
The most dangerous reason is that cancelled coverage means you might get into an accident with no car insurance and have a lawsuit brought against you to recover damages.
If your conclusion is that this plan won't work for your needs, you can cancel the coverage as long as it's within the travel insurance plan's free review period.
Once the home's yours and you've made your final payment, you can do whatever you want with your home insurance, including canceling the coverage.
If you're not getting a premium tax credit health insurance subsidy, your health plan will generally cancel your coverage after 30 days.
The only exception to this rule is if the insurance provider needs to cancel coverage due to unpaid premiums.
In fact, most life insurance policies will cancel your coverage by the time you turn 80.
A mortgage protection policy that's bundled into your mortgage is even more restrictive, as you can't choose to cancel your coverage if you don't need it.
One advantage of these types of policies is that you can cancel the coverage at almost any time.
Or you may want to cancel coverage for another reason.
The costs of cancelling coverage, and the associated challenges, make it well worth the time to double - check these details.
Unlike other types of insurance, canceling a term insurance policy is relatively easy... you can either stop making payments on that specific policy, or cancel your coverage in writing.
This means the insurance company can not cancel your coverage or adjust your premiums on a class - wide basis.
However, you can cancel this coverage once you've paid off 22 % of the balance of the loan.
IMPORTANT: Never cancel coverage until you have been approved for new coverage.
A charge by some insurance companies when a customer cancels their coverage early.
USAA can not cancel this coverage unless there is a non-payment of premium.
This means that in those states, your insurance company is not legally allowed to cancel your coverage based on your dog's breed, even if it's a pitbull.
Prevents insurance companies from canceling coverage while you're receiving medical treatment
This applies regardless of who cancelled the coverage (you or the insurance company).
There are times when your insurance provider may not completely pay out your claim, or worse may reject your claim or cancel your coverage all together:
If you don't get your premiums up to date within the 90 - day grace period, your health plan will cancel your coverage retroactive to the day you became 31 days late paying your health insurance premium.
One thing that doesn't usually trigger a special enrollment period is losing your health insurance because you didn't pay the monthly premiums or because you voluntarily canceled the coverage.
A voluntary return of a permanent policy which cancels the coverage inside the policy and cashes out any remaining cash value attached to the canceled policy.
Also, your life insurance ends after you stop paying your premiums and the insurer cancels your policy, or if the insurer cancels your coverage at your request.
Many life insurance policies that include the «Level Benefit» policy offered by AARP actually cancel your coverage at the age of 80.
Insurers typically have a period of a few years during which they can cancel coverage if they found you falsely responded to any underwriting questions, and you'll forfeit all premiums paid up to that point.
«I am pleased the Supreme Court reaffirmed the hard fought progress that was made to ensure that no one can be denied coverage for a pre-existing condition, being a woman will no longer be a pre-existing condition, young adults will be covered, prescription drug costs for seniors will be reduced, preventive care including life - saving mammograms will be accessible and that insurance companies can't cancel their coverage when you get sick.
Coverage can never be cancelled We can never cancel your coverage for any reason, as long as your premiums are paid.
If you purchase your policy through the mail, make sure you read the fine print and avoid any policy that increases in cost as you get older, or cancels your coverage early.
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