Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is this “minimum earned premium” that shows on the page that describes my coverages?

April 26, 2017coverages describes page shows

0

10 Posted

What is this “minimum earned premium” that shows on the page that describes my coverages?

1 Answer

0

10 Posted

. If you cancel your policy after the initial effective date there is a minimum charge. That s to cover processing fees and other expenses. This fee includes the time you were covered before cancellation. That s what we call “minimum earned premium.