PICC auto insurance usually takes 7 working days to surrender. Just because you turn yourself in doesn't mean you can return it if you want. Generally, you must meet the relevant conditions before you can retire. For example, commercial auto insurance must meet these two conditions within the validity period, and can only be surrendered without making claims. And surrender is not a full refund. What auto insurance can be refunded? How to return it? How much is the refund? I sorted out the answers to these questions in this article. You can open it and find out: can the car insurance be refunded? How to return it? How much can I refund?

First, the general procedure of auto insurance surrender

1. Submit an application for surrender to the insurance company, stating the reasons for surrender and when to start surrender, and sign or affix the official seal to the business management department of the insurance company.

2. The business management department of the insurance company issues the surrender approval form: after the insurance company reviews the surrender application, it issues the surrender approval form according to the surrender application form, indicating the surrender time and the surrender amount, and at the same time, it takes back our auto insurance policy.

3. Take the surrender approval form and our valid identification, and go to the financial department of the insurance company to get the refunded insurance premium.

Second, which auto insurance can be surrendered?

1, compulsory insurance surrender

Generally speaking, compulsory insurance cannot be surrendered, because the payment of compulsory insurance is compulsory. However, according to Article 16 of the Compulsory Liability Insurance for Motor Vehicle Traffic Accidents, compulsory insurance can be surrendered under the following special circumstances: the insured vehicle is deregistered; The insured vehicle stops driving; The insured vehicle is confirmed lost.

2. Commercial insurance surrender

According to the internal regulations of insurance companies, commercial auto insurance can be surrendered as long as the following two conditions are met at the same time: the policy of the vehicle is within the validity period; During the validity period, there is no report or claim to the insurance company.

Finally, I would like to remind you that if you surrender and re-insure, the auto insurance premium will increase by 1 times. Therefore, it is better to spend more time thinking about how to buy the right car insurance before taking out the insurance, rather than surrendering the insurance afterwards and finding that you have lost money. So, here is a book about buying auto insurance to help you save money: buy more waste and buy less losses! How much does it cost to buy car insurance every year?

Hope to adopt!

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Source: Xueba said that insurance official website