What does Notice of Cancellation Endorsement mean? Read on to discover the definition & meaning of the term Notice of Cancellation Endorsement - to help you better understand the language used in insurance policies.
Notice of Cancellation Endorsement
Modifies an insurance policy to provide notice of cancellation beyond that stipulated in the policy. The endorsement typically stipulates an additional number of days' notice the insurer must provide of its intent to cancel the policy, additional parties that are to receive notice of cancellation, or both. Additional insureds, for example, sometimes request a notice of cancellation endorsement guaranteeing them a right to notice of cancellation. Insurers vary regarding their willingness to expand their notice of cancellation obligations.
We hope the you have a better understanding of the meaning of Notice of Cancellation Endorsement.