Your car insurance is automatically renewed.
The insurer is required to send to the insured or broker thereof a renewal notice 30 days prior to the date of maturity. Unless you specify your decision or that of the insurer, the contract will be renewed.
Know that your insurer may decide not to renew your contract maturity. Among the reasons often cited are misrepresentation, the high number of claims and non-payment of premium.
You can cancel your insurance policy at any time and for any reason, by notifying your insurer in writing. You terminate your contract because you have had a most advantageous proposal from another insurer? Check if it is really worth it, as your insurer may charge you a penalty determined in the table attached to your policy termination (plus the due date of your contract will be far the more your penalty will be high).
In turn, your insurer has the right to cancel your car insurance policy, for any reason, within 60 days after the date of entry into force of the police.
After this period, your insurer may only cancel your contract if there was increased risk or if you have not paid your premium.
Payment of contributions upon termination of an auto insurance policy
If I request termination of my cheap no deposit car insurance, what are my obligations as well as my insurer for the payment of dues?
Termination of car insurance contract – the insured is obliged to pay the part of the premium or contribution for the period during which they ran risk, calculated period until the effective date of the termination of car insurance.
Where appropriate, the insurer must reimburse the insured within thirty days after the effective date of the termination of cheap no deposit car insurance, the portion of the premium or contribution for the period during that the risk did not run, period calculated from that date effect.
A loan default under these conditions, the amounts due shall bear interest at the legal rate.
Originally posted 2013-04-25 17:59:18.