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Can coverage with another carrier be cancelled to participate in this program without paying a penalty for short term cancellation?

April 26, 2017cancellation cancelled coverage participate paying penalty program short term

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Can coverage with another carrier be cancelled to participate in this program without paying a penalty for short term cancellation?

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A. Most insurance companies will apply a short rate cancellation penalty, usually 10% of the unearned premium. Consult your current policy language for specific terms.