How to write an insurance sample cancellation letter

It can happen anytime that due to certain circumstances, you are required to cancel your existing insurance policy. You can do it by writing a cancellation letter to the insurance company. As the insurance policies are kind of written contracts, it is better to cancel them by writing, especially when, you are going to cancel it within the policy period.

Life insurance policy, auto insurance policy or home insurance policy, whatever policy you have, it is better to notify the insurance company by writing, when you want to cancel your policy. Writing a letter using the template of an insurance sample cancellation letter can protect your interest, as you will have the hard copies with you along with the cancellation details as a proof of your cancellation notice.

How you should go about it
In order to write the cancellation letter you should follow the format of an insurance sample cancellation letter through following steps:

• Before drafting the insurance sample cancellation letter, you should verify from the insurance provider, whether there is any balance that you owe or any refund that is due on the policy according to the date of cancellation.
• At the start of the letter, give the date and address of the insurance company.
• Distinctly mention your policy account number in the cancellation letter.
• Be polite, but make it clear that you have decided to cancel the policy.
• Ask for a written confirmation from their part, affirming the cancellation.
• Notify that the insurance company is no longer authorized to withdraw amount from your bank account for collecting premiums.
• If you have paid any insurance premium in advance, then request the insurance company to refund the unused premium.
• If there is any premium due on your policy, attach a check with the letter and mention about it in your insurance cancellation letter.
• Don’t forget to sign the letter by hand.

After writing the letter following the template of an insurance sample cancellation letter, send it by certified mail and request for return receipt. Keep a photocopy of the letter with you and also preserve the delivery receipt.