Do i get a return for an unused part of the auto commercial policy term in New Jersey?
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Asked February 13, 2018
If you have an auto commercial policy and want to cancel the policy before the term is up, you could receive a potential refund for the amount of the policy that is not used. In some cases, the policy refund depends on how your policy is written out. The refund also depends on how you initially paid your policy dues. For instance, if you have a six month policy and cancelled it only after 2 months of use, you could get a refund back. If you are on a month to month policy, then you may not get an amount back due to how far into the month you were for that specific payment.
If you have further questions regarding getting back the unused portion of your auto commercial policy, you can contact the representatives through your auto insurance policy company. They can give you specific details that is unique to your situation and will give you an estimate of how much you could get in a refund, if one is owed to you. They can also give you an idea of when you will receive the refund.
Answered February 20, 2018 by pbanion