Policy Cancellation

By the Policyholder:

• You may cancel your insurance policy at any time by providing written notice to The Beema Compan or directly to your insurance carrier.
• Cancellation requests should include your policy number, name, and contact details.
• Depending on the insurance carrier’s terms, cancellation may be effective immediately or at the end of the current policy period.

By the Insurance Carrier:

• The insurer may cancel your policy for reasons such as non-payment of premiums, misrepresentation, or fraud.
• You will receive written notice of the cancellation, including the reason and the effective date

Policy Cancellation

Premium Refunds:

• Refunds for premiums are subject to the terms and conditions of the insurance carrier.
• If you cancel your policy before the policy period ends, you may be eligible for a prorated refund, minus any applicable administrative fees.
• Policies that have been in force for less than a year may have different refund terms depending on the carrier.

Non-Refundable Fees:

• Certain fees, such as policy setup fees, underwriting fees, or service charges, may be non-refundable.
• Any premium paid for coverage already provided cannot be refunded.

Administrative Fees

We may share your information with:

• The Beema Company may charge a processing fee for cancellations, especially if requested after the policy has been active for an extended period.
• This fee will be disclosed at the time of the cancellation request.

How to Request a Cancellation or Refund

• Submit a written request via email, postal mail, or in person.
• Include your policy number, contact information, and a brief description of your request.
• Our team will review your request and respond within 1-3 business days.

Exceptions

You have the right to:

• Special Circumstances: In cases of hardship, legal issues, or other exceptional situations, we may consider exceptions to standard policies on a case-by-case basis.
• Regulatory Requirements: Some cancellations or refunds may be subject to additional regulatory requirements depending on your location.

Contact Information

For questions regarding cancellations or refunds, please contact us at: info@thebeemacompany.com