Yes, and the filings are the part to plan around. A mid-term cancellation is normally allowed, and any unearned premium is returned. Whether it comes back pro rata or short rate depends on the policy wording, so check before you assume the full share. The bigger issue is what the policy supports. Cancelling ends the certificate filed with the DMV or the FMCSA, and a permit or authority without an active filing is suspended. Line the replacement policy up first and let the two overlap.
Related FAQs
Cargo terms vary by commodity and limit. Some goods may be excluded or limited, so we review the details with you.
Non-trucking liability generally applies when you drive the truck without a load and not under dispatch.
It is a federal endorsement tied to financial responsibility for many for-hire carriers. Whether it applies depends on your operation.
Ready to get started?
Talk to an advisor or request a quote. It takes about five minutes, with no commitment. Be insurance wise.
