According to firstquarterfinance.com, GEICO will send you a cancellation notification that informs you of the two-week termination or cancellation deadline before your policy lapses. If you do not have a policy with GEICO, you may be able to continue using the policy until it expires.
How GEICO Insurance Policy Works?
According to GEICO’s website, the company is a private American auto insurance company and ranks second on the list of the largest auto insurance companies in the United States of America. GEICO also has a strong reputation for customer service and offers a variety of insurance products to fit every need. ..
GEICO offers a variety of insurance policies that are tailored to fit its customers’ needs. These policies include vehicle insurance, property insurance, business insurance, and additional policies. The two-week cancellation protocol specifies the date GEICO can receive payment for the policy before it is regarded as a lapse in coverage. ..
When you do not have your policy processed by the due date, GEICO will provide you with a notice that your policy is no longer valid. You can then choose to either continue to pay your premiums or suspend your insurance. If you choose to suspend your insurance, GEICO will also provide you with a notice that the policy will lapse on the first day of the month that it would have expired had it been processed on time. This option is especially beneficial for those who are not able to travel for work or who are away from home for more than 30 days at a time.
Conditions for Postponement
If you are enrolled in Automatic Payment, you have the opportunity to reschedule your payment for nine days. However, you can only reschedule your payment for postponement within the first 11 days of your original scheduled payment. If you make no bid to postpone your payment earlier or you defaulted on your payment, then you will be subject to the two-week termination period for your insurance.
The simple way to Cancel GEICO Insurance Policy
GEICO requires customers to first obtain another coverage in order to cancel their policy. Customers can do this by calling GEICO’s customer care line at (800) 841-3000 or by visiting GEICO’s website. ..
If you canceled your GEICO insurance policy using a debit or credit card, you may be able to receive a refund within a week of canceling your policy and requesting a refund. To receive your refund, you must provide proof of payment and the original receipt for the insurance purchase.
In conclusion:
GEICO will give a nine-day grace period to pay your premium and an additional 14-day cancellation notice during which you can still keep your policy active by making your payment. GEICO does not charge an extra fee to cancel your policy, and there is a refund policy if you wish to get your premium payment back. ..
Yes, you can cancel your car insurance policy.
You can call (800) 841-1587 to speak to their licensed agent or to their Interactive Voice Response (IVR) where you can follow the voice prompts to cancel your insurance policy. ..
GEICO can cancel a payment up to 30 days after it’s due, so you may want to plan your finances accordingly. ..
GEICO gives you a nine-day postponement period after which you would receive a two-week cancellation notice. You can still make your payment to retain your policy during the two weeks. If you have an existing policy with GEICO, you can continue to use it during the nine-day period, but you will need to contact your insurer to renew your policy.
If you have your car insurance re-activated after a cancellation, you will need to provide your original insurance card number and the new insurance card number. You will also need to provide your driver’s license number and the new driver’s license number.
I certify that I have had no loss that qualifies me for claiming during the period of my policy cancellation.
If your GEICO insurance is cancelled, you may be able to get a refund. ..
If you have a history of late payments on your insurance policy, your premium may increase as well as the fees associated with reactivating your policy.
