Liberty Mutual doesn't allow the cancellation of policies online, so there won't be an option to cancel your coverage through your online account. Other insurers allow online cancellation. Previously, she wrote about life and disability insurance for 1752 Financial and advised more than 1500 clients on their life insurance policies as a sales associate. Comprehensive insurance is often taken out in conjunction with collision insurance so that the policyholder is protected against both accidents related and non-accident related damages.
Before you finalize your current auto insurance policy, you should make sure you have new coverage. Check with the insurer to see if you can download an electronic copy for printing, or keep it handy if you need to show proof of insurance. This information may be different from what you see when you visit the website of an insurance provider, insurance agency, or insurance company. If you no longer need insurance, you can cancel your life insurance policy.
This can apply to both term and full life insurance. Because you've paid for coverage before, your money won't be refunded, as is the case with other types of insurance, such as health insurance and car insurance. If you have already paid the premium for the policy period in full, Liberty Mutual will reimburse you for the unused portion, less cancellation fees. No matter your life insurance provider, the quickest way to cancel life insurance is to contact your insurer.
For permanent life insurance policies, it's best to talk to your insurer or an authorized agent about cancellation options, as you could face cancellation fees. Liberty Mutual may also charge a reduced fee that normally amounts to 10% of the value of the policy. For example, comprehensive insurance helps pay for damage caused by acts of vandalism, natural disasters, fires and thefts, but it doesn't cover vehicle repairs after hitting a car. For example, you should have Liberty Mutual update your mailing address or vehicle information if you are moving or buying a new car.
Liberty Mutual is one of the top auto insurance companies, but you may be able to get better rates with another company. Since then, she has worked as a news writer in the insurance industry and has gained in-depth knowledge of state and national insurance laws and rates. Liberty Mutual can also request the details of your new car insurance policy to verify that you won't drive without insurance.