Change of car insurance - how it works!

Area of Law: Insurance Law
Legal Tip of 10/31/2011

Change of car insurance: This year should be particularly accurate rechnen.Langsam savers approaching again the time to make themselves into the bargain hunters in search of a new insurance company for their car insurance. At least in the past, could be worth a change of motor insurance properly. For new contracts were to be had cheaply.
However, the industry recorded losses, as already in 2010. Some insurers do not cover contributions were partly offset the loss amount. For this reason, is expected to post increases. And new contracts can also be considerably more expensive than was previously the case.

Automobile insurance contracts generally run for one year. Regular tickets can be the insurance contract until 30 November 2011 with effect from 1st Terminate in January 2012. With a premium increase or significant changes in the insurance contract, the customer also has a special right, which can be exercised regardless of date.



Who will face a tariff increase may cancel within one month after receiving the notice of premium increase. The period is therefore crucially depends on when you were informed of the dues increase. Give insurers the increase announced in January, is a retroactive change of insurance 31 December 2011 possible.

Without any notice, you can change the insurance even if the vehicle is changed or a new registration. With the cancellation of the vehicle registration office at the end of insurance coverage.

In addition, an insurance exchange is also possible when the incident occurred.Here, after processing at the end of the damage the insurance can be changed.

In case of damage has also an extraordinary right, but here is often discouraged by a change because the annual fee must be paid anyway. If the insurer cancels, it must refund the pro rata premium.

Tips:

Before an insurance replacement should be compared not only contributions but also the performances of the various offers.
The notice should be sent by registered mail with return receipt requested, so you can confirm the receipt of notice of termination.