Insurance Cancellation Notice Templates & Examples: Prevent Policy Lapse & Protect Your Coverage
Letter #1: Notice of Pending Policy Cancellation: Missing [Month] Premium
We haven't received your [month] premium payment. The grace period ends on [date]. As a valued customer, we encourage you to remit payment today to avoid cancellation and maintain your comprehensive coverage.
Letter #2: Urgent: Past Due Insurance Premium Payment
Your monthly insurance premium of $[amount] is past due. Failing to pay by [date] will result in policy lapse, leaving you without coverage for potential accidents or losses. Protect your financial security by paying your premium immediately.
Letter #3: Final Notice: Homeowner's Insurance Premium Overdue
Your [month] homeowner's insurance premium is past due. The grace period expires on [date] at midnight, after which your home and belongings will be unprotected. Remit your premium today to maintain your valuable coverage.
Letter #4: Reminder: Auto Insurance Premium Due
We haven't received your [month] auto insurance premium payment. Your low premium rate depends on continuous coverage. If we don't receive your payment by [date], your policy will lapse. Please send your payment as soon as possible. If you've recently mailed it, please disregard this notice.
Letter #5: Act Now: Prevent Policy Cancellation
Your insurance policy is at risk of cancellation due to non-payment of your [month] premium. Please remit $[amount] by [date] to maintain continuous coverage and avoid a lapse in protection.
Letter #6: Avoid Coverage Lapse: Pay Premium Now
Your insurance premium is overdue, and your coverage will lapse if not paid by [date]. Don't risk being uninsured; make your payment today to ensure continued protection.
Letter #7: Urgent Reminder: Insurance Payment Due
This is a final reminder to pay your overdue insurance premium of $[amount]. Failure to pay by [date] will result in policy cancellation. Secure your coverage by paying promptly.
Letter #8: Protect Your Coverage: Pay Overdue Premium
Your insurance policy is in jeopardy due to an outstanding premium payment. Safeguard your assets and loved ones by paying $[amount] before [date] to prevent cancellation.
Letter #9: Last Chance to Avoid Policy Lapse
Your [type of insurance] insurance policy will lapse on [date] if your overdue premium is not paid. Take action now to avoid losing your coverage and facing potential financial risks.
Letter #10: Don't Risk It: Pay Your Insurance Premium Today
Ignoring this notice will result in the cancellation of your insurance policy. Protect yourself and your assets by making your payment of $[amount] before it's too late.
Letter #11: Insurance Cancellation Imminent: Act Now
We regret to inform you that your insurance policy will be canceled on [date] due to non-payment. You can still prevent this by paying your outstanding premium immediately.
Letter #12: Your Insurance Coverage is at Risk
Due to non-payment of your [month] premium, your insurance coverage is in jeopardy. Take immediate action to pay $[amount] and avoid potential losses from unforeseen events.
Letter #13: Final Opportunity to Save Your Policy
This is your final opportunity to save your insurance policy from cancellation. Pay your overdue premium of $[amount] by [date] to maintain continuous coverage.
Letter #14: Immediate Payment Required to Maintain Coverage
Your insurance policy is scheduled for cancellation due to non-payment. To maintain your valuable protection, please pay $[amount] immediately.
Expert Tips
- Clearly state the reason for potential cancellation (unpaid premium).
- Emphasize the consequences of cancellation (loss of coverage).
- Include the exact amount due and the deadline for payment.
- Offer a solution (making payment) to avoid cancellation.
- Use a professional and urgent tone to encourage prompt action.
Write Unique and Personalized Letters: A Step-by-Step Guide
Follow these simple steps to write your own collection letter effectively:
Sample Sentences
- Last month when we spoke about your automobile insurance payment, you indicated that you would send a check immediately. The grace period has ended, and we still have not received your check.
- You may have forgotten that your policy was due for renewal two weeks ago.
- We remind you that you need to pay your second quarter's premium.
- Were you as busy last month as I was? If you were, you probably forgot that your payment for next quarter's insurance coverage was due two weeks ago.
- We have received a request from our home office in Springfield to contact you regarding your unpaid premium for $39.87.
- Perhaps your outstanding balance of $23.85 has slipped your mind because of this busy season.
- You are a valued customer, so we want you to understand the seriousness of letting an insurance policy lapse.
Key Phrases
- allowing your policy to expire
- are still waiting for your payment
- are still waiting for your check
- concerning your unpaid insurance premium of
- did not receive your premium for
- did not receive last month's premium
- due date has passed
- expect premium payments by
- expected your payment by
- grace period is past
- grace period has expired
- had indicated that you would send a check immediately
- have yet to receive your insurance premium
- have received a request from our home office
- have not paid your premium
- just a note to remind you that
- may have forgotten that
- no penalty if sent within the grace period
- our records indicate
- outstanding balance is
- premium payment is past due
- regarding your unpaid premium of
- regarding your delinquent account
- still within the grace period
- still have not received your check
- this letter is to remind you
- want you to be aware of
- want to let you know
- want to remind you
Sample Sentences
- To remind you of the benefits of your home insurance policy, we have enclosed some informative literature.
- We continue to offer a low premium with only a $200.00 deductible. Such low cost with such broad coverage is a remarkable bargain in today's insurance market.
- Before losing your coverage, please consider that the maternity benefit covers complications both during pregnancy and for three months after delivery.
- Your payment of $63.87 will keep your policy in force. We encourage you to renew the policy soon so you are not left unprotected.
- Unlike other policies, your policy covers not only accidents, but flooding and other natural disasters.
Key Phrases
- any other insurance company
- before letting your coverage expire
- before losing your coverage
- before you let your coverage be canceled
- can offer more discounts
- cannot get a lower quotation
- cost of our coverage is highly competitive
- continue to offer a low premium
- coverage for uninsured motorists
- encourage you to renew
- excellent track record
- for this low rate
- have enclosed some informative literature
- in today's insurance market
- have lowest premiums
- lowest deductibles in the industry
- most comprehensive coverage in the industry
- no other company offers
- offer the most comprehensive coverage
- payment will keep your policy in force
- the only company that offers
Sample Sentences
- If we do not receive payment by May 5, we must cancel your automobile policy. The grace period has expired.
- We do not want to lose a valued client, but we cannot continue to offer you coverage if you do not send your payment before June 15.
- Unless we receive payment by July 31, your coverage will end at midnight on that date.
- Act now to avoid losing fire protection on your home. Your current policy will expire on August 31, if no payments are made.
Key Phrases
- a lapse in coverage will occur if
- act now to avoid
- can only help you keep your current policy
- can not continue to provide coverage if
- can not continue to cover you if
- can't find such premiums anywhere
- coverage will expire on
- coverage will end at midnight
- coverage will be terminated on
- coverage will be canceled if
- current policy will expire on
- if we do not receive payment by
- if you do not send your payment by
- if payment is not received
- if you do not act immediately
- low premiums will be lost
- must cancel you automobile policy
- to avoid losing fire protection on your home
- will be unprotected
- will have to discontinue insurance policy if
- will otherwise be unprotected against
Sample Sentences
- Please mail your payment in the envelope provided.
- Place your check in the mail today to avoid cancellation of your policy.
- For continued peace of mind, we urge you to keep your policy current. We have enclosed an envelope for your convenience.
- Keeping your policy current is the best way to assure your family's financial future.
- If you can't send payment today, let us at least talk about your situation. We may be able to offer an alternative solution.
Key Phrases
- at your earliest convenience
- best way to assure their financial future
- continue protecting your investment
- could be damaging
- coverage will extend until
- don't allow a lapse in coverage
- drop it in the mail
- easier to renew your policy than
- encourage you to renew your policy
- for your own safety
- for continued coverage
- for continued peace of mind
- for continued protection
- have enclosed an envelope
- if you can't send payment today
- if you desire more comprehensive coverage
- if you need more information
- if you desire less expensive coverage
- if you have already sent this payment
- if we can be of further assistance
- if you send the payment today
- if you have any questions
- to avoid cancellation
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