Your child now has his driver's licence and wants to use your car to go to work.
You're moving to the suburbs. Or you're thinking of putting your car in storage
for the winter. Your needs may change midway through your policy term.
There are many reasons why you might want to modify your insurance contract.
That's why it's important to discuss it with your agent or broker. He can let
you know which coverage best meets your new needs.
Did you know you can cancel your insurance policy at any time and for any reason? You can
do so by simply informing your insurer in writing. However, your insurer may charge you a
penalty. Check to see whether it's really worth it.
Your insurer also has the right to cancel your policy no matter the reason. However, your
insurer must notify you within 60 days of the policy coming into force. After this period,
your insurer can only cancel your policy if:
You should also know that your insurer has the right to charge you a penalty.
This is set out in the cancellation table appended to your policy. The longer
the remaining policy term, the higher the penalty.