How to Cancel Insurance After Selling a Car?

[LaEthan]

After selling the car, if the insurance has not yet expired, the compulsory traffic insurance portion will be compensated, while other types of insurance outside the compulsory traffic insurance may be refused compensation by the insurance company. Below is a detailed introduction about it: 1. Introduction one: The act of any party to the contract unilaterally terminating the insurance contract and canceling the insurance policy during its term. Generally, non-life insurance term policies include clauses for terminating the insurance contract. 2. Introduction two: The insurance contract specifies the conditions under which either party can cancel the insurance policy before its expiration to protect their respective interests from being harmed by the continuation of the insurance contract. Upon cancellation, the corresponding insurance premium should be refunded.