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Short-rate Cancellation

Sometimes you need to cancel an insurance policy mid-term (before the expiry date), insurance companies call this a short-rate cancellation and it’s associated with a penalty fee for leaving early. Hopefully in that case you’ll be leaving another insurance carrier, and seeking the assistance of HMS Insurance. Either way, the calculator below will give you a fairly accurate estimate of what that penalty will look like.

This is all you need to know

How many days has your policy been in force 
How many days has it been from the effective date of the policy until the cancellation date you want. This website is helpful in determining the number of days between two dates.

How much does your insurance cost annually
The cost of your policy for the year (not monthly)

Cancellation Calculator