Exceptions to the liability insurance policy

[Augusta]

When it comes to cancellation of liability insurance policy, the need might come solely from the insured reasons while others might be because of the insurer recent rules or a natural occurrence.

When it comes to the latter two those are exceptions which the insured can't help it as such they must be a refund of premium from the insurance company especially if the notice period is still the first year of taking out the liability insurance policy by the insured.

This is because the first year is known as the fixed contract period which the policy can only be cancelled in some exceptional cases. So it is after this first year, that the insurance provider is able to automatically renew the insured contract

So for an insured to get a refunds after an exception reason the insurance policy should be stopped before the end of the one-year contract period, there rerurned money is called the refund. So what are the exception cases that merits a refund

A case where the insurance company increases the premium for the same period of time

if the insurance company do changes the previous liability insurance policy terms and conditions that are not favorable

When an insured goes to live together with the other spouse

Lastly, when an insured dies