Common use of Cancelations Clause in Contracts

Cancelations. The $85 Processing Fee is not refundable. The Policy Rate of $90 or $110 will be refunded. It was suggested by Market Access to hold the binder requests and submit them closer to the day of event (7 days prior) to be able to refund patron in full for cancellations. Another suggestion is to submit the Binder Request as received and refund COI at 50% if cancelled.