Lost policy release

A means whereby an insured may cancel a policy by signing a statement to the effect that, since his or her policy has been lost, he cannot return it to the insurer to effect cancellation, but still wishes to cancel the policy.
***
A statement signed by the insured releasing the Insurance Company from all liability under a lost or mislaid contract of Insurance.
***
A statement that is typically signed after the insurer has initiated a replacement policy. This statement releases the insurer from a lost or misplaced contract.

Leave a Reply

Your email address will not be published. Required fields are marked *