You may cancel any non-collateral insurance policy and its benefits within 30 days of the loan date, and the entire premium will be credited to your account or refunded in accordance with company policy, the insurance policy, and/or as required by state law. If you cancel at any other time, the amount of your credit or refund will be the unearned portion of the premium. If the premium is credited to your account, your account balance will decrease and the length of your loan term may also decrease. Your loan payment will not change. The documents received at your loan closing explain how you agreed to pay for your insurance plan(s) and its terms and benefits*. If you purchased Personal Property Insurance (PPI) to protect the collateral you pledged to secure your loan, you may cancel the policy at any time after adding Regional Finance as loss payee on your existing third party insurance plan that includes coverage on the items of collateral. If you purchased an Auto Plus Plan membership, you will be receiving a separate welcome letter from the vendor.
You are a valued customer and we want you to be completely satisfied with our products and services. If you wish to cancel or make changes to your insurance plan(s) or have questions on your loan or insurance plan(s) you purchased, please contact your local Regional Finance office.
*Exclusions and limitations apply and vary by state. Refer to your state-specific Certificate of Insurance.