{ "@context": "https://schema.org", "@type": "DefinedTerm", "name": "Cancellation", "description": "A cancellation ends your policy before the end of its term, initiated by either you or the insurer. Insurer-initiated cancellations are restricted by law and usually limited to non-payment, fraud, or major changes to the risk.", "inDefinedTermSet": { "@type": "DefinedTermSet", "name": "Insurance Terms Glossary", "url": "https://olivecover.com/insurance-terms" } }
Olive Cover
AboutFree Coverage Review
General

Cancellation

A cancellation ends your policy before the end of its term, initiated by either you or the insurer. Insurer-initiated cancellations are restricted by law and usually limited to non-payment, fraud, or major changes to the risk.

Ending a policy mid-term, by either the insured or the insurer. Insurer-initiated cancellations are restricted by law and usually limited to fraud, non-payment, or major risk changes. Example: missing two consecutive auto premium payments triggers a non-pay cancellation, which then sits on your record and raises future quotes.