REFUND CALCULATION. If this Policy is cancelled within the first sixty (60) days from the effective date and no Claims have been filed, We will refund the entire Policy charge paid. If this Policy is cancelled after the first sixty (60) days or a Claim has been filed, We will refund an amount of the Policy charge according to the pro-rata method reflecting the greater of the days in force or the miles driven based on the term of the plan selected and the date coverage begins, less a fifty dollar ($50.00) administrative fee. In the event of cancellation, the lienholder, if any, will be named on a cancellation refund check as their interest may appear.
Appears in 6 contracts
Samples: Assured Mechanical Breakdown Insurance Policy, Assured Mechanical Breakdown Insurance Policy, Assured Mechanical Breakdown Insurance Policy
