Compulsory liability must be dealt with by everyone who owns a car registered in the vehicle register. Termination of the insurance contract is therefore not such a frequent act, but there are situations when it becomes relevant. The most typical example is the sale of a vehicle, but a better competitive offer that brings tangible savings or other benefits that the existing contract does not offer can also motivate to cancel the liability insurance.
There are basically 2 ways to terminate. The first without giving a reason, that is, in the event that you recently took out a new insurance and it did not meet your expectations or does not suit you in any way. Under these conditions, you can use your right to withdraw from the contract within 2 months of signing it without giving a reason. It will then expire 8 days after delivery of the written notice.
All other situations can be included in the second group and it is necessary to state the reason for the termination. It should be noted here that even if, for example, you have come across a more favorable offer, this does not mean that you can cancel the insurance contract at any time. Since the liability insurance is concluded for an indefinite period, a certain procedure needs to be followed. In most contracts, an annual maturity is set, which also represents the limit of the insurance period. According to the law, it is therefore necessary to give notice at least 6 weeks before its end.
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Items that the written request should contain
In the first place, it is the mentioned reason for termination, then the number of the insurance policy and the name or, in the case of a company, the business name of the policyholder supplemented by the social security number or social security number. Of course, the address and contact details are also an important part. Informace there is no need to mention the vehicle itself, as the insurance company already has it and can easily link it to the insurance policy number. All that remains is to add the date with the signature and send the printed notice to the insurance company. And you're done. There are a number of pre-made patterns available online, but you can use your own words without breaking the bank.
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Termination is not always motivated only by an interest in a cheaper offer. There are several situations where termination of the policy is necessary. Among the most common is the already mentioned sale of your vehicle. Then it is necessary to provide the insurance company with a copy of the purchase contract or a large technical license in which the new owner is already listed. In this case, the contract will expire on the day the change of owner is reported to the insurance company. Some sellers do not deal with the notice in time and thus expose themselves to the risk of liability for damage caused by the new owner.
There is no reason to have compulsory insurance if your car is deregistered, even temporarily. Even under these conditions, it is necessary to provide the insurance company with a copy of the large technical license with a record of the temporary removal of the vehicle. One of the most unpleasant events that will lead to your termination is the theft of your vehicle. If you have already been affected by such an incident, you will have to attach a copy of the police report to the application.
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Finally, there are cases when for some reason you are not satisfied or do not agree with the changes, i.e. with the increase in the price of the liability insurance or with the fulfillment of the insurance event. In the first of the situations, you have 1 month to give notice of the increase in price. If you were unsatisfied with the performance of the insurance event, there is a deadline of 3 months from the time of notification to submit an application, and after its submission, the contract expires 1 month from its delivery to the insurance company. So, as you can see, it's nothing complicated. Just check the necessary details.
