Specifically, because the first beneficiary of the mortgage car is the loan company, it is necessary to obtain the consent of the first beneficiary, that is, the consent of the loan bank or the guarantee company.

After obtaining the consent, the applicant can go to the insurance company to handle the surrender formalities with the correction application, original policy, original policy invoice, original insurance card, application for auto insurance correction and company seal, auto insurance premium refund notice and company seal, customer account confirmation and company seal, which is generally completed within 15 working days. Different insurance companies may have different surrender times.