Clients may cancel their policy once the vehicle has been sold or scrapped as long as a copy of the transferred log book or scrapping note is given to us. Any refund of premium due will depend on how long the policy has been in force and whether any claims have been made. If there was a claim made during the insurance period for which you were at fault, no refund of premium is given.
If you wish to cancel the policy other than for the reasons mentioned above, you must give us 7 days’ notice and have the vehicle insured elsewhere before cancellation and any return premium will be calculated using Atlas’ short period rates.
Should Atlas wish to cancel your policy, we will give you 7 days’ notice of cancellation and your refund of premium will be calculated on a pro-rata basis. It is always very important that the original motor certificate of insurance is always returned to Atlas. Should this have been lost or misplaced, we would require an Affidavit from you stating this before we can cancel cover.
Posted in: Insurance Cover