Can the First Year Insurance of a Mortgage Car Be Refunded?

[DeBryce]

Mortgage car insurance can be refunded. Here is detailed information about whether mortgage car insurance can be refunded: Introduction: Generally, when purchasing car insurance for a loaned vehicle, there is an agreement specifying the first beneficiary. Therefore, the refund of insurance for a loaned vehicle requires the consent of the first beneficiary. Of course, after the loan is fully repaid, the borrower can provide a loan settlement certificate to the insurance company to process the refund. Precautions: After obtaining the consent of the first beneficiary or providing the loan settlement certificate, the policyholder can carry documents such as the amendment application, the original policy, the original policy invoice, the original insurance card, the car insurance amendment application (which requires a company seal), the car insurance refund notice (which requires a company seal), the customer account confirmation letter (which requires a company seal), etc., to process the refund.