Premium Refund. a. If this policy is cancelled, we will send you any premium refund due. b. If we cancel, the refund will be pro rata, except as provided in c. below. c. If the cancellation results from your failure to pay, when due, any premium to us or any amount, when due, under a premium finance agreement, then the refund may be less than pro rata. Calculation of the return premium at less than pro rata represents a penalty charged on unearned premium. d. If you cancel, the refund will be 90% of pro rata. e. The cancellation will be effective even if we have not made or offered a refund.
Appears in 2 contracts
Sources: Storage Space Rental Agreement, Storage Space Rental Agreement