Question:

What is the regular refund if the policy is canceled by the insurance company after 5 months?

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A property insurance policy has an annual premium of $780. What is the regular refund if the policy is canceled by the insurance company after five months?

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  1. Make sure you find out if there is a cx fee!


  2. 780/12 = monthly premium

    monthly premium * 7 months (amount of time left) = refund.
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