Some policies come with a free look option. Although not required, most states offer a standard number of days for this free look. What is the standard length of time most states offer?

Question

Quizplus · Accepted Answer

The standard length of time most states offer for the free look period is 10 days. The free look period allows the policy holder time to review the contract, evaluate if changes are needed, and cancel the policy, allowing for a return of the full premium if they choose. It is illegal in most states to deliver or issue a policy without an attached or printed statement declaring that the policy can be surrendered with a written request to the insurer for cancellation. This would void the policy and the insurer would refund any premiums paid.

Some Policies Come with a Free Look Option