A clear path to cancel your coverage, understand your refund, and know who to contact.
Pay $1 now and 7.5% of the refund value ONLY AFTER your refund is processed.
Example: a Florida customer cancels 45 days after original purchase with no claims. Amount paid and financing are unknown.
Within 60 days of original purchase, with no claim made, refund the total amount paid less a 5% administrative fee: 95% of the amount paid. No time/mileage proration applies to these scenario facts.
These are the two cancellation periods in this Florida sample. Other policies and states can use different rules.
The refund is the total amount paid less a 5% administrative fee. If a claim was made, this endorsement instead gives the greater of the amount paid minus claims paid, or zero.
Prorate 90% of the amount paid using whichever is greater proportionally: days in force or miles driven against the full contract term. Then deduct claims paid. The within-60-days 95% result no longer applies. Do not add the earlier 5% fee to this formula.
Work through the steps below. Page references link to the supporting contract language.
Contact American Auto Shield, Inc., by calling 800-808-6616 or writing to 14033 Denver West Pkwy, Suite 200, Lakewood, CO 80401. The endorsement permits either method. CarShield is the seller; the administrator receives cancellation requests.
Include name, contract number, VIN, original purchase date and requested cancellation date. State that no claim has been made and retain payment records and proof of submission. These are practical suggestions; the cancellation clause specifies no mandatory affidavit, odometer statement, notarization or special cancellation form.
Request written confirmation that cancellation falls within 60 days, the total amount paid, the 5% fee, the resulting refund, the recipient and payment date. Confirm any financing agreement’s effect on payment routing and future billing.
If the administrator fails to perform or pay within 60 days after a request for performance or payment, the financial-security endorsement permits applying directly to American Bankers Insurance Company of Florida, P.O. Box 21647, St. Petersburg, FL 33742; call 866-306-6694 for instructions. Retain the request and nonpayment record for follow-up.
Sample checklist only. Your selections are not saved and nothing is sent to a provider.
Use the Florida endorsement’s 5% fee. Do not add the generic $75 listed on the sample declarations or apply the after-60-day formula.
The clause identifies the contract holder as receiving the refund. It does not supply a financing-specific payee rule; confirm actual routing rather than assuming a lender or direct cash payment.
The no-claims history is fictional. Your issued contract, state rules and actual payments determine your refund. This example does not establish a dollar amount or guarantee approval.
Pay $1 now and 7.5% of the refund value ONLY AFTER your refund is processed.