What materials and procedures are required for car insurance cancellation?
2 Answers
Materials required include the car insurance policy, invoice, vehicle license, and the ID of the insured person. The procedure involves calling the insurance company to request cancellation, waiting for an appointment, and then bringing the necessary documents to a designated branch to complete the relevant procedures. Below is an introduction to motor vehicle insurance: 1. Definition of motor vehicle insurance: Motor vehicle insurance, also known as car insurance, is a type of commercial insurance that covers liability for personal injury or property damage caused by natural disasters or accidents involving motor vehicles. 2. Development of motor vehicle insurance: The real development of motor vehicle insurance occurred after World War II. On one hand, the popularity of cars made road accidents a widespread social hazard. On the other hand, many countries included third-party liability insurance for motor vehicles, including cars, as part of compulsory insurance. Therefore, motor vehicle insurance has become a universally significant insurance business worldwide.
I just canceled my car insurance last week because I sold my old car and got a new one. The whole process was pretty straightforward: I went to the insurance company's counter with my original ID card, the policy number document, and a copy of my bank card. The clerk had me fill out a cancellation application form, stating clearly why I wanted to cancel. After their review, the refund was credited to my account in about two weeks, though they might deduct some money since I canceled before the policy expired. I also asked and found out that if I couldn't go in person, I could mail the documents, but it's best to call ahead to confirm the branch location to avoid a wasted trip. In short, with these documents ready, the procedure can basically be completed within an hour—just be patient and it's done.
