Cancellation of Your Contract
1. You may cancel the Contract at any time by:
a. Logging on to the www.myvpplan.com website and completing a cancellation form online.
b. Print a cancellation form from www.myvpplan.com and mailing to MVPP PO Box 754 New Market, Md 21774.
In either instance above, the request must be accompanied by a notarized affidavit indicating the odometer reading at the date of the request. The request for cancellation must be made no later than forty-five (45) days of the date that the cancellation is to become effective (except in the case of repossession, stolen or totaled vehicles). MVPP requires supporting documentation from the primary insurance company or a police report indicating dates and mileage at time of incident.
2. We may cancel, at any time if:
a. Your Vehicle is totaled or is repossessed;
b. Your Vehicle’s odometer is disconnected or altered, or the true and actual miles cannot be determined;
c. Your Vehicle is used in a manner not covered by the vehicle manufacturer’s recommendations, including vehicle modifications not recommended by the manufacturer;
d. Failure to pay as promised under the finance or payment agreement.
e. You employed intentional misrepresentation in obtaining the Contract;
f. You employed intentional misrepresentation in the submission of a claim;
g. Your Vehicle does not have a valid manufacturer’s VIN;
h. Your Vehicle’s title is branded as salvage, junk, rebuilt, totaled or flood damaged; or
i. Your claim aggregate has reached the retail price paid by You for the Vehicle.
Notice of such cancellation will be delivered to You by registered mail. The notice of cancellation will state one of the above mentioned bases of cancellation. The cancellation will be effective as of the date of termination as stated in the notice of cancellation.
C. Lienholder Cancellation
If Your Vehicle and this Contract have been financed, the lienholder shown on the Declaration Page may cancel this Contract for default of the repayment agreement, or if Your Vehicle is declared a total loss due to accident or theft or is repossessed. In such event, immediate notification, and submission of documents to the Administrator is required.
D. Refund Calculation
If this Contract is cancelled within the first sixty (60) days from the effective date and no claims have been filed, We will refund the entire Contract charge paid. If this Contract is cancelled after the first sixty (60) days or a claim has been filed, We will refund an amount of the Contract charge according to the
pro-rata method reflecting the greater of the days in force or the miles driven based on the term of the plan and the date Coverage begins, less a Seventy five dollar ($75.00) cancellation fee and less the value of any claims paid. In the event of cancellation, the lienholder, if any, will be named on a cancellation refund check as their interest may appear. Any refund owed will be paid or credited within forty five (45) days of the date we receive notice of the request to cancel as long as all cancellation provisions have been met.
E. Our Rights to Recover Payment
If You have a right to recover against another party for anything We have paid under this Contract, Your rights shall become Our rights. You shall do whatever is necessary to enable us to enforce these rights. We shall recover only the excess after You are fully compensated for Your loss.
F. Right of Removal
In the event of any dispute between Us and the Licensed Repair Facility, We shall have the right, with Your permission, to remove the Vehicle to a Licensed Repair Facility of Our choice.
