What is required from the insured for cancellation of a policy?

The requirement for cancellation of a policy often involves the need for written notice from the insured. This stipulation ensures that there is a formal record of the intent to cancel the policy, creating clarity and accountability for both the insured and the insurer.

Written notice allows the insurance company to properly process the cancellation and informs them of the specific request from the insured to terminate coverage. This process is beneficial in maintaining complete documentation in case any issues or disputes arise regarding the policy's cancellation.

While some cancellation scenarios may not require advance notice or could be processed immediately, the standard practice typically mandates that insured individuals provide a formal written notice to initiate the cancellation. This helps in confirming that all parties are aware of the policy status and prevents misunderstandings regarding coverage and responsibilities.