To Insurer Requesting Cancellation of Property Policy
[Company Name & Address]
Re: Policy No. [Insurance Policy No.]
You are hereby informed that this property which belonged to us, located at [Property details here] has been sold on [Date here] to [Party name], and the mortgage has been paid in full in favour of [Mortgage Company Name].
Therefore, kindly please terminate this property policy, and send us the refund of the undue payment towards the insurance premium. Please send the refund to our address [write address here].
Thank you for your assistance regarding this matter.