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Terminate business insurance policy

To cancel a policy, a request must be submitted.

You can submit the request in the most convenient way for you:

  1. Fill out the request form.
    It must be signed.
    Send the completed and signed form by email to info@compensa.lv.
  2. Submit it at any Compensa service center.
  3. Mail it to the head office:
    Vienības gatve 87H, Riga, LV-1004

What happens with the unused premium?

The unused premium can be:

  1. Transferred to another policy or reserved for future transactions.
    SAVE! Administrative fees of 15% of the unused premium, required by the Insurance Contract Law, will not be charged.
  2. Transferred to the policyholder’s bank account.
    The payment will be made within 2 weeks of receiving the request.
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