Change of vehicle/owner
The revised law on insurance contracts which came into effect on January 1, 2006 means that now when you switch insurance companies, you can have your old insurer reimburse you for your “unused premiums” when you change vehicles or owners. Start saving today by switching your insurance company without any penalties.
Policy expiration
Every insurance policy may be cancelled at the end of the contract. Generally speaking*, your notice of cancellation must be sent to the insurance company at least three months before the contract expires. The date that matters is not the date the letter is postmarked, but rather the date when your notice of cancellation is received by the insurer.
Premium increase
If your car insurance premiums go up, you can switch insurers. Generally speaking*, your notice of cancellation in this case must reach the insurer no later than on the last day of the current year of insurance.
Claims payment
If a payment is made after a claim, the insurance policy may be cancelled. The insurer must notify you of the cancellation at the latest when the payment is made. You should note that, if a policy is cancelled after a claim, the insurance premiums for the current period of insurance remain payable to your current insurer if you are cancelling the policy within one year of it being concluded.
