Common use of Partial Refund Clause in Contracts

Partial Refund. You may receive a partial refund of your premium if you have to return earlier than expected (see the applicable exclusions). In this case, the Insurer will deduct cancellation fees from the refund amount. The unused coverage period is then calculated based on the date of receipt of the refund request. The request must be submitted within two weeks following the early return date. For example, if you return 10 days before the end of a trip scheduled to last 25 days, the refund would be calculated as follows: (Premium paid) – (15 days) x (rate per day) – cancellation fees subtracted from this amount Exclusions that apply to the reimbursement In the following cases, your premium will not be refunded, even if you must interrupt or cancel your trip after the 10-day free-look period:

Partial Refund. You may receive a partial refund of your premium if you have to return earlier than expected (see the applicable exclusions). In this case, the Insurer will deduct cancellation fees from the refund amount. The unused coverage period is then calculated based on the date of receipt of the refund request. The request must be submitted within two weeks following the early return date. For example, if you return 10 days before the end of a trip scheduled to last 25 days, the refund would be calculated as follows: (Premium paid) – (15 days) x × (rate per day) – cancellation fees subtracted from this amount Exclusions that apply to the reimbursement In the following cases, your premium will not be refunded, even if you must interrupt or cancel your trip after the 10-day free-look period: