Can insurance purchased at a 4S store be refunded?

[CatherineFitz]

Insurance bought at a 4S store can be refunded. If you decide to cancel the insurance, it is crucial to do so within the grace period as soon as possible. The main reasons are: 1. Within the grace period: Canceling the insurance during this time usually results in the insurance company refunding the full premium paid, avoiding any financial loss; 2. After the grace period: If you cancel the insurance after the grace period, the insurance company typically does not refund the full premium but instead returns the cash value, which may result in some financial loss for the customer. Additional information: When canceling insurance, it is generally unnecessary to cancel the compulsory traffic insurance, as it is mandatory. However, commercial auto insurance can be canceled. After canceling the insurance, customers can choose another insurance company and select suitable insurance products based on their needs.