Q) Will I have to pay a cancellation fee if I switch insurance companies?
A) Perhaps. Some insurance companies may charge a fee and others may not. Check with your insurance professional. Depending upon how far along you are in your policy term, the amount you save may be greater than any penalty or fee that your insurance company may charge.
Have a question you’d like answered? Please send us an email at firstname.lastname@example.org.
Check back every month for new Quote Unquote questions and answers about insurance from readers just like you.