Documents required for vehicle insurance surrender

1. Original insurance policy, original insurance mark, premium receipt and other insurance documents.

2. The "Application Form for Termination of Insurance Contract" must be signed by the insured for personal vehicles and stamped for unit vehicles.

3. Originals and copies of relevant legally valid certificates (cancellation, suspension, loss, transfer of registration, new car repossession according to law).

4. If it is handled by someone other than the insured, the policy holder should issue a "Letter of Authorization for Correction", stating that XX is entrusted to handle XX corrections for XX vehicles. When the insured is a legal person or other organization, the power of attorney shall be stamped with the official seal of the unit; when the insured is a natural person, the insured shall sign and provide the original ID card.

5. Identity cards of the policy holder (when he is a natural person) and the person handling the correction.

6. Vehicle driving license.

Car insurance surrender process

1. When the car owner surrenders the insurance, he must first submit a surrender application to the insurance company, stating the reason for surrender and when the surrender will begin, and sign Write or stamp it with the official seal and give it to the business management department of the insurance company.

2. After the insurance company reviews the surrender application, it will issue a surrender approval form. The approval form will indicate the surrender time and the amount of the premium that should be surrendered, and at the same time, the car insurance policy will be withdrawn.

3. The person who surrenders the policy can go to the insurance company to collect the refunded insurance premium with the surrender approval form and ID card.

Expert advice: Try not to surrender the policy

Experts said that the answer to the question of whether car insurance can be refunded is yes, and the surrender efficiency of Ping An Auto Insurance is relatively high. However, for hundreds of millions of car owners across the country, since the situation of various insurance companies is not consistent, if possible situations can be foreseen, experts suggest that you can make plans when you apply for insurance to avoid possible losses caused by car insurance surrender.

Extended reading: How to buy insurance, which one is better, and step-by-step instructions to avoid these "pitfalls" of insurance