Can You Cancel Your Extended Warranty?
Yes, most extended warranties can be cancelled at any time for a pro-rated refund based on unused coverage. You'll typically receive a refund for the portion of coverage you haven't used, minus any cancellation fees ($25-$100 typical) and claims paid.
Extended warranties are generally cancellable with pro-rated refunds. The refund amount depends on how much time or mileage remains on your coverage. Most contracts have an initial period (often 30-60 days) where you can cancel for a full refund if no claims were filed. After that period, refunds are calculated based on remaining coverage.
Your Cancellation Rights
Most states require extended warranties to be cancellable. Your contract specifies the cancellation terms including any fees and how refunds are calculated. Read these terms before deciding.
Full Refund Period
Most warranties offer a 30-60 day full refund period. If you cancel within this time without filing claims, you receive a complete refund with no penalties. This lets you reconsider your purchase.
Pro-Rated Refunds
After the initial period, refunds are pro-rated based on time elapsed or mileage used, whichever is greater. Cancellation fees (typically $25-$100) are deducted. Some contracts also deduct claims paid.
How to Cancel
Contact your warranty provider in writing to request cancellation. Some allow online or phone cancellation. Keep copies of all correspondence. Refunds typically arrive within 30-60 days.