Refund Policy

Universal Insurance Agency represents multiple insurance carriers, and any refund is issued from the designated carrier in the contract. Generally, refund is issued if insured cancels the policy before it expires. If the premium was paid in advance, a prorated refund is usually calculated based on how many days policy was in effect. For example, if paid for a six-month policy but cancelled after four months, two months’ premium will be refunded, less early termination penalty, if any.

Refunds are typically issued through the same payment method used to pay for insurance or a paper check sent to the address on file by mail.