Intact Auto Insurance Cancellation Fee

What is Intact Auto Insurance?

Intact Auto Insurance is a leading Canadian auto insurance provider. Intact Auto Insurance provides customers with comprehensive car insurance coverage that can protect them from the costs associated with car accidents and other related incidents. The company offers a range of policies and coverage options that include third-party liability, collision, comprehensive, and Uninsured Motorist coverage. Intact Auto Insurance also offers a variety of discounts, such as discounts for having multiple vehicles insured with them, and for having a good driving record.

What is the Cancellation Fee?

Intact Auto Insurance’s Cancellation Fee is a fee that is charged to customers who cancel their auto insurance policy before the policy’s expiration date. It is important to note that this fee is not the same as the standard cancellation fee charged by other insurance companies, and can vary depending on the policy and the length of coverage. The Cancellation Fee is also not refundable, and customers must pay it in full before the policy is cancelled.

How Much is the Cancellation Fee?

The amount of the Cancellation Fee varies depending on the policy and the length of coverage. Intact Auto Insurance will calculate the fee based on the number of months the policy was in effect and the total premium paid. Generally, the fee will be an amount equal to the total premium paid divided by the number of months the policy was in effect, with a minimum Cancellation Fee of $50.

When is the Cancellation Fee Charged?

The Cancellation Fee is charged when the policy is cancelled, and is due at the time of cancellation. Intact Auto Insurance will provide the customer with a statement showing the Cancellation Fee amount that is due. Customers can pay the fee by credit card, debit card, or cheque.

What Happens if the Cancellation Fee is Not Paid?

If the Cancellation Fee is not paid, Intact Auto Insurance will not cancel the policy. The customer must pay the fee in full before the policy is cancelled. If the fee is not paid, the customer may be subject to a late payment fee, and their policy may be cancelled for non-payment.

Conclusion

The Cancellation Fee is a fee charged to customers who cancel their Intact Auto Insurance policy before the policy’s expiration date. The amount of the Cancellation Fee varies depending on the policy and the length of coverage, and is due at the time of cancellation. Customers must pay the fee in full before the policy is cancelled, or they may be subject to a late payment fee and have their policy cancelled for non-payment.