If we are requested to cancel the policy, we will charge the following short period rate premiums. We will hold you and or your insurance intermediary liable to pay these amounts:
- Within 1 month of inception: 25% of the quoted premium
- Within 2 months of inception: 20% of the quoted premium
- Within 3 months of inception: 15% of the quoted premium
Thereafter at terms to be agreed with underwriters.