Termination of automobile insurance for the New Year
When can you cancel the car insurance?
An auto insurance policy can always be terminated at the turn on time. As a rule, the automobile insurance contract is a calendar year. The ordinary period of notice is one month, so the termination to 30 November must be made. The insurance coverage expires with the end and then flows seamlessly to the new insurer. If the termination is not up to date 30.11. submitted, the insurance contract is automatically renewed for another year.
Is the date 30 November for all auto insurance policies?
Most auto insurance policies have a major maturity of 1 January. Some insurers have in recent years, it moved away and offer their customers a year under contract. Contract period of notice is in his contract to any policyholder or the insurance policy. As a rule, the notice is also under term contracts a month.
How should the cancellation be made of auto insurance?
The notice should in all cases by 30 November be received in writing to the old auto insurers. To be sure of that, the sending by registered mail recommended with acknowledgment of receipt. Even the sending by fax is possible to date, one should take into account the working hours of the insurer.
What reasons can you cancel the auto insurance?
The most common reason for the termination of automobile insurance is switching to a cheaper insurance company. The huge differences in prices in the market moving more and more car owners to decide for themselves to a new and cheaper auto insurance. But the desire for better performance may be grounds for termination of automobile insurance. When comparing insurance not only prices but also the benefits of auto insurance policies are clearly displayed.
When is the special right?
In addition to the regular termination of the year can also be insured under a special reason for termination of the auto insurance cancel. As part of the special right of termination, the notice shall also be one month. The letter should be sent as with the regular notice by registered mail. Here it is important to point out in the notice of the special right of termination. For the following reasons policyholder can cancel their auto insurance during the year:
A special right is always when the auto insurance increased premiums. This is often the beginning of the case if previously been a change in the risk assessment. If the risk rating of the vehicle (type class) or place of residence (regional class) are higher, increasing the premiums for the coming year. In this and every other case, a premium increase takes the special termination. At the termination of automobile insurance you should absolutely take on inflation reference, otherwise a rejection could threaten the cancellation by the insurer.