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04-07-2010, 12:42 PM
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#13 |
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Junior Member
Join Date: Mar 2007
Location: Hideaway, TX
Posts: 4,959
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Re: Progressive Insurance - poor review
The cancellation fee is actually a policy fee which is fully earned in case you do not keep the policy full term. The insurance company is recouping their costs for issuing the policy. There are people who only keep a policy a month and depending on the premium the company may spend more issuing the policy than they actually made.
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