What is a short rate cancellation charge and how is it calculated?

If you decide to cancel your insurance policy before the policy end date, we’ll charge a short rate cancellation fee.This is calculated as a percentage of the written premium based on when your policy is cancelled. Wondering what this amount looks like? You can review the short rate cancellation table Sonnet uses. 

A short rate cancellation charge is applied to home policies across all provinces and auto policies in Ontario, Alberta, Quebec, New Brunswick, Nova Scotia, and P.E.I.