No, you cannot get a refund because you will have enjoyed policy protection for the whole insurance period.
The insurer computes and refunds unutilized premium subject to the policy terms and if there has not been a claim.
By cancellation notice in writing from either party.
Excess is the first portion of each and every claim borne by the insured.
We will be able to advise you on how to access the adequacy of your insurance cover by analyzing your risk exposures. For property you could have a valuation carried out.
The insurance act requires premium to be paid upfront however, your broker can assist you to pay in installments by arranging premium financing from reputable finance institutions.
By allowing your broker to prepare an insurance program fitting your insurance needs.
An intermediary is your insurance adviser with professional qualifications and experience in insurance matters. An intermediary also has bargaining powers and therefore as a client you or your firm is assured of quality service at competitive rates.
An Insurance intermediary is a professional and independent adviser knowledgeable in risk management and insurance services.