nah. Think about it this way what if someone said they were gunna race you for $400 and you were tied all the way up the track, then halfway they said, eh i don't feel like it anymore and stopped their car. Then afterwards when you went to get your cash said, well I didn't finish the race. I wasn't losing when I stopped racing, so I COULD'VE won I just got sick of the race so I should only have to pay you half the cash.
People would scam insurance companies more than they do now. I hate insurance too but stuff like cancelation fees are a necessary evil.