Question

If the insured cancels a fire insurance policy after seven months, what will the refund be?

My answer is 7/12 of the policy as this person had the policy for 7 out of 12 months.

Is this right?

Answer 1

no, it asked for the refund.
Since you had the policy for 7/12 of the year, you should get a refund
corresponding to 5/12 of the annual premium

Answer 2

Thank you!