Can Insurance Be Refunded After a Total Loss of the Vehicle?

[SanSkylar]

Insurance can be refunded after a total loss of the vehicle. Compulsory traffic insurance can be refunded under the following three circumstances: the vehicle's registration is canceled; the vehicle is officially declared out of service; or the vehicle is confirmed as lost. The required materials for refunding the insurance are as follows: Refund application: stating the reason and time for the refund, signed by the owner for private vehicles or stamped with the official seal for company vehicles. Insurance policy: the original insurance policy, which must be reissued if lost. Insurance premium invoice: generally, the original is required. Original ID of the insured: business license for company vehicles or ID card for private vehicles.