There are certain rules to follow before you can change insurer, and that doesn’t really make sense. To find out all about it, read on.
You have had an incident with your vehicle and you are not satisfied with your insurer’s response. It dragged on too long, did not meet your expectations, did the minimum union… and you expected much more, since your monthly payments are high. Perhaps you have opted for third party insurance, third party insurance or even all risk insurance with all the additional guarantees and do not feel that you are getting your money’s worth.
Maybe you are tired of paying such an expensive insurance premium, have played online competition with a comparison, or asked for quotes here and there to get a feel for the savings you can achieve each. months with another insurance provider. You have tried to lower the price of your premium by investing in an anti-theft device, a dashcam or a GPS chip to prove to the insurer that you are in good faith and minimize the risk of theft. You even bought a used vehicle rather than a new one and have a place in a garage to avoid bad weather. But nothing helps, your insurer does not want to lower the contributions, nor does it wish to grant you additional guarantees.
Only one solution seems possible to you: the termination of your insurance contract. However, this must be done properly, and should not be done lightly because when you own a vehicle, it is mandatory to have taken out insurance. In the event of a lack of insurance, the owner of a motor vehicle risks a fine of € 3,750 but also additional penalties such as suspension (up to 3 years) or cancellation of the driving license (up to 3 years) and confiscation or immobilization of the vehicle. How then to go about it?
When and how to cancel?
Since the Châtel law of 2008, insurers have the obligation to inform consumers of the tacit renewal of the contract at the earliest 3 months before and at the latest 1 month before the date of the end of the contract, so as to leave the contract ‘ensured the time and the choice to break the contract. It is therefore necessary to do it on October 31 of the current year at least to be able to be in the nails.
Since the Hamon law of 2014, policyholders have the right to terminate their contract free of charge and without justification on the date of their choice after one year of engagement: if this is your case, it is even more accommodating than the Châtel law. . You do not have to wait for the regulatory end-of-year deadline and can freely change insurance. As the Service-Public website specifies: “You can terminate your contract at any time at the end of an insurance year, without having to justify yourself and without taking into account the annual deadline. The termination letter must be sent to the insurer by regular mail (paper or electronic). Termination of the contract will take effect 1 month after receipt of your termination request by the insurer. You will be reimbursed for the portion of the premium corresponding to the remaining contract period.”
By choosing a new provider, they can cancel for you, much like what telephone subscription companies offer today.
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