Cancellation
Cancellation terminates cover prospectively from a stated date.
- Also known as
- policy cancellation
- termination
Cancellation Cancellation terminates cover prospectively from a stated date.
What is cancellation?
Ending the policy. As a King Price client you will see cancellation referenced on your policy schedule, in your claim documents, or in conversations with client care on 0860 50 50 50.
How cancellation works
cancellation is governed by the terms set out in the King Price Policy Document and the individual schedule issued for your policy. Your schedule always overrides the master wording where they differ, so the values, limits and conditions that apply to you appear there in plain English.
King Price reviews the application of cancellation at every renewal, and any change to your risk profile, address, vehicle, security or claims history is taken into account. The Treating clients Fairly framework requires this detail to be communicated clearly before any change takes effect.
Example
Pieter rides a BMW GS 1250 around the Western Cape. 30 days notice → policy cancelled. In this scenario, cancellation determines the practical outcome for the client. The exact numbers depend on the cover option, the excess on the schedule and the limits set out in the policy document.
Why cancellation matters
Understanding cancellation helps King Price clients make better decisions about cover. It affects the monthly premium, the payout at claim stage, and the steps required before and after an incident. Getting it right means no surprises at claim time.
King Price aims to make insurance great again with plain-English wording, transparent premiums and a direct relationship with clients. Clear terminology like cancellation is part of that promise.