How to Cancel A Flood Policy Mid-term
Cancellation is one of the 3 C's familiar to most insurance agents:
There are twenty-six reasons
to cancel a flood policy written under the National Flood Insurance Program (NFIP) and with strict enforcement of documentation requirements your client’s refund can be a back and forth drawn out process. Delivering a private flood option which works for you, includes flexible policy cancellation. Aon Edge EZ Flood® private flood insurance can be cancelled, voluntarily for any reason.
Minimum earned premium - nope, refunds are pro-rated and can be applied back to a credit card used to purchase the policy which means your client’s refund is processed quickly. Aon Edge requires only an insured and agent request, that’s it, plain and simple. No special forms, no supporting documentation needed, Aon Edge will cancel a flood insurance policy and generally process a refund within one business day of receiving the required requests.
Have questions regarding an Aon Edge policy, contact an Aon Edge’s Customer Support Specialist at 1-888-281-0684.