If you decide the policy isn’t right for you within 14 days of buying it (known as the ‘cooling off’ period), you should inform the insurer who will issue a full refund.
If it’s outside the 14 days, you usually have to provide 30 days notice and will be issued a refund for the unused portion of the year if you paid upfront.
An administration fee may apply and should be detailed in the policy document or terms and conditions.
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