All fine and dandy.....
Until your current Insurance Company hits you with their cancellation fee........
They are going to get it out of you one way or another......
Am I right VifferFun ?
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All fine and dandy.....
Until your current Insurance Company hits you with their cancellation fee........
They are going to get it out of you one way or another......
Am I right VifferFun ?
2012 Kawasaki Ninja 250
1983 Suzuki GS750E - Rebuild Project
no such thing for car insurance. State-farm doesn't charge a cancellation fee as iv cancelled my car insurance before
for bike they may charge or pay you depending on when you cancelled.
The short-rate cancellation fee is generally small -- just enough to cover the admin costs and to make sure that people don't simply sign up and cancel every two months. Used-up premium that you haven't yet paid for is another story, and I explain it in the cancellation stickies.
I'm an Actuarial Analyst for a Major Canadian Insurance Company. I analyse claims patterns to determine overall rate changes, as well as relative premium differences by various risk characteristics (eg. age, experience, claims, convictions, usage, etc.)
Unless it's private, please post insurance-related questions in the forum rather than sending me a PM.
Current: 2001 Suzuki GSXR1000 (4th Season)
Previous: 1996 Honda VFR750F (4 Seasons)
Previous: 1998 Kawasaki Ninja EX250 (3 Seasons)
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