Contract Cancellation Fee Clarification

Summary

Cancelling a contract within the 3-day period and before the insurance provider issues a decision generally means you wont owe the $3000 fee. The fee applies if cancellation occurs after the 3-day period. Ensure your cancellation notice is sent and received within the specified timeframe. For precise guidance, consult a legal expert.

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If I meet the 3 day requirement but cancel before the insurance company's decision do I owe the $*
It sounds like if you cancel after the *-day period from signing the contract, regardless of whether the insurance company has made a decision, you would owe the $*. The contract specifies the cancellation must occur after this period to incur the fee. Do you have any other questions about the contract terms?
If contract is cancelled prior to approval of any decision the insurance provider has issued and before the 3 days expire would we have to pay the $*
Based on your description, if you cancel the contract before the insurance provider issues a decision and within the *-day period from signing the contract, you should not owe the $* fee. The fee applies if cancellation occurs after the *-day period.
Do you have any other questions about the contract terms?
If we cancel before the insurance provider issues a decision and meet the requirement to send notification to cancel before the 3 days
Case Rating: *
Cancelling the contract before the insurance provider issues a decision and within the *-day period should generally mean you don't owe the $* fee. However, ensure your cancellation notice is sent and received within the specified period. Consult a legal expert for precise guidance on contract terms. Do you have any other questions about your situation?
No, thanks
Case Rating: *
Your understanding seems correct: if you cancel within the *-day period and before the insurance provider issues a decision, you likely won't owe the $* fee. Always ensure timely notification is sent. If you have further questions, consulting a legal expert might be beneficial.