Friday, March 15, 2013
Car insurance: termination by the insurer
Insurance companies may decide to terminate a contract if certain clauses have not been met by the insured driver.
The insurer may reserve the right to terminate the contract of insurance of one of its policyholders in the following cases:
In the event of unpaid
If the insured does not pay its dues, the insurance company may then decide to put an end to the contract according to a certain procedure. In fact, the insurer must require the insured to pay. Without payment of the part of the insured, the insurance contract will be suspended within 30 days following the formal notice, and terminated 10 days after.
Strong liability accident
The insurer may also decide to terminate a contract of insurance in case of accidents involving a heavy responsibility of the insured, i.e. If the insured person has a blood alcohol content above the legal limit or is under the influence of a drug.
In the event of serious breach of the highway code
In the event of serious breach of the highway code, the insurer may still decide to terminate the insurance contract. The seriousness of these offences will be assessed according to the penalty imposed by the authorities. Also, a suspension of permit for more than one month or the cancellation and withdrawal of driving licences can also imply a termination of the contract of insurance of your insurer. Your contract will be considered as cancelled one month after notification in writing of your insurer. Include as serious offence, hit and run, which may lead to criminal prosecutions in the event of non assistance to person in danger.
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